admin – Page 25 – Financial Helpers

Chinese Exporters Finding a Unique Way to Skirt Past Trump’s Tariffs

Written by adminJuly 3, 2019

Whether you agree or disagree with President Trump’s policies regarding tariffs, you have to appreciate the sheer genius of businessmen. They’re going to make money any way they can. If they’re not making enough of a profit, they’ll get around their obstacles. That’s exactly what some crafty Chinese exporters have done to get around Trump’s tariffs on their country.

The scheme? To slap “Made in Vietnam” labels on their Chinese goods. It’s sort of brilliant when you think about it. At least, until you get caught. Vietnam said this week that they found dozens of fake certificates and illegal transfers from Chinese companies trying to get around the tariffs. These products include everything from steel to agriculture and textiles.

Earlier this year, President Trump slapped a 25% tariff on $250 million worth of Chinese goods after trade talks have stalled. He’s currently threatening another $300 billion if the government doesn’t come back to the negotiating table in good faith. Not only does Trump feel like the balance is weighed heavily in China’s favor, but they’ve been caught stealing intellectual property. This doesn’t sit well with the president who has been calling out the country since his campaign.

“It’s always a cat-and-mouse game,” said Fred Burke, managing partner at law firm Baker & McKenzie (Vietnam) Ltd. “As long as people are willing to take risks in search of those arbitrages of say 25 percent duties, it’s very difficult to enforce.” Now Vietnam is worried they’ll be hit with a massive fine for allowing the ruse to go on as long as it did.

A New Way to Trade

One way Vietnam found the problem was the massive and sudden shift in Vietnamese products to the United States. China’s shipments have dropped just as quickly. Vietnam itself was asking how this increase in exports happened. Some of it does have to do with an ever-changing supply chain, like the U.S. buying more from Vietnam than China as of late.

Still, many question how much of those numbers are actually accurate and what are phony. Examples of this type of fraud include changing goods made in China to say “Made in Vietnam.” One Chinese plywood manufacturer started sending their goods to the U.S. through a Vietnamese plywood company to hide what it was doing.

“A cottage industry for circumventing U.S. tariffs will likely bloom, given the high tariff rates and huge potential profit,” said Chua Hak Bin, a senior economist at Maybank Kim Eng Research Pte. in Singapore. “ASEAN governments will likely crackdown on such re-routing for fear of being seen as a backdoor,” Chua said, referring to the Association of Southeast Asian Nations.

“Questionable shipments are likely to be a ‘relatively small’ portion of China’s total exports to the U.S.,” said Rahul Kapoor, a senior analyst at Bloomberg Intelligence in Singapore. “There will always be leakages and workarounds to avoid tariffs, but we do not see it as a widespread phenomenon,” Kapoor said.

Written by adminJuly 3, 2019

Life Style

We’re less than a month away from the 4^th of July holiday. Americans from all over the spectrum love this day, not just as a way of celebrating America, but for all the fun it entails. From fireworks to barbeques and swimming at the lake, it screams Americana. If you’re on a budget, you can still celebrate while saving a bit of green.

Let’s take a look at the various ways you can save money this 4^th of July season.

1) Save on Food

Summer is a great time to get good food and for cheap. We know that plenty of people stock up on hamburgers and hotdogs. Those of the staples of any good 4^th of July celebration. The key here is to pay attention to the sales. Grocery stores like to stock up as well and if they think they have too much of one product, they will lower the price to get rid of it.

These months, chicken and skirt steaks are also a bargain. Still, these are just the meat products. The fact that it’s summer also means farmer’s markets are full of great (and often cheap) produce to go with the main dish. They are often the best places to look for the freshest produce often grown locally.

2) Save on Decorations

This is another simple one. You don’t have to spend hundreds on a few simple July 4^th decorations. Go to the dollar store! They have streamers, plates, cups, and anything else you need. The best part? Everything is just a buck and the stuff you can find are pretty decent. There’s no reason to go all out on decorations otherwise.

3) Save on Clothing

The middle of the summer probably isn’t the best time to buy swimsuits and other summer clothing. This is usually when things are more expensive, but you might be surprised! Close to or even after the 4^th, stores will start to set up major sales to get rid of their stock. This is actually when they begin to prepare for back-to-school and fall clothing.

So, if you’re really looking for some good deals on clothes, this might be a great time to find it. Keep your eyes open to the sales, especially special three-day weekends around the holiday. If stores want to get rid of their inventory, then it’s the perfect change to stock up on great fashions for less.

Like with most things, you don’t have to spend a lot of money to enjoy one of America’s favorite holidays! Celebrating with your friends and family can be done cheaply without taking any of the fun out of it.

Written by adminJuly 3, 2019

Saving

We all have the hope and desire of one day retiring during our golden years and sitting by the beach. We’ve worked really hard to get to enjoy this time, but sadly, Americans aren’t able to save enough money. They make decent estimations, according to Catherine Golladay. She’s the COO of Schwab Retirement Plan Services.

They did a survey of 1,000 people of working aged adults. They guessed close to the right amount they’ll need to retire on. That number is around $1.7 million. The rest of the survey also found that Americans are vastly under prepared. 51% of those surveyed are contributing less than 10% of their salary, adding about $8,800 per year to their 401(k).

-55% said they just found a number they were good with.

-36% said they were matching their employer’s contributions.

-8% go with the default amount that was set when they enrolled.

While a lot of Americans are at least trying to save, they find a lot of obstacles are getting in their way. Debt is a large part of why they’re not able to save. Whether it’s spending the next decade paying off student loan debt or other monthly bills and credit cards. It can be difficult to balance debt, saving, and monthly payments, especially when the economy is turbulent.

Many Problems With this Thinking

After looking at the survey results, it’s easy to spot two different misconceptions Americans have about retirement. The first is that they see themselves as savers, when in reality, they’re investors. You’re investing into your 401(k) to get the most of out of it. Just ‘saving money’ won’t get you to your retirement goals.

The second thing Americans seem to push off is getting the advice they need to ensure they have enough to retire on. They’re just making guesses and going with the flow. They have no idea, in general, if they’re on track to reach their goals. And in a lot of cases, they aren’t making it. Considering we’re living longer, that plays a part as well.

Nearly every person involved in the survey said they would feel much more confident is they had the advice of a financial planner, but about half said they don’t feel their financial situation is bad enough where they should spend the money to get advice. It will end up costing them in the end of they don’t know where they’re headed financially.

“They may think their situation is simple, but your wealth is your wealth,” Golladay said. “Put yourself in the best possible position and take advantage of the help out there. It could help Americans to think of themselves as investors, not just savers,” she said. The problem is, investing is an art and it can be intimidating.

“But people — especially younger ones — tend to find the act of investing intimidating, and don’t consider themselves investors even when they have an employer-sponsored retirement account. Shifting the mind-set from saving to investing can help make a person feel more in control,” said Erin Lowry, author of “Broke Millennial Takes on Investing.”

Written by adminJuly 2, 2019

Business

As baby boomers inch closer to retirement, and Gen Z starting to find work, we can get a good look at how the trends are changing in the workplace. Right now, there are 5 different generations, each with a unique culture and drive. Watching these new patterns emerge will give us a good glimpse at what to expect for future generations.

A lot of these new trends involve a growing number of people who work from home. They’re working longer than ever before, delaying retirement, and leaving office jobs behind entirely. The advancement of the internet has allowed for more possibilities at home. Let’s take a look at the 5 current workplace trends of 2019.

1) We’re Less Loyal to Our Employers

According to new data from salary.com, the employee turnover rate in America was higher than it’s ever been. The number, currently at 19.3%, has been growing in the past few years. Korn Ferry did a survey of businesses and found that most of those surveyed (93%) stated their biggest problem was retaining new hires.

This is a big deal. Companies will spend millions looking for and training new talent. Having a high turnover rate costs a lot of money, so more companies are improving their salary and benefit packages to attract and keep workers. The problem is, the economy is doing really well job wise currently. That means people are less afraid to quit if they’re not happy where they work.

“Competitive benefits and salaries are table stakes to attract top talent, but creating an environment where employees are given interesting work and recognized for their efforts will give them a reason to stay,” says Korn Ferry VP Neil Griffiths. “Unhappy employees will not go above and beyond the basic requirements of their job, even if they are well paid.”

2) More People Are Working Remotely

According to CareerBuilder, at least 70% of employees around the world spend at least one day per week working remotely. 53% work away from the office at least half of the week. A lot of companies are learning they can save money and make their employees happy by allowing for a mobile workforce. As a result, they experience a boost in productivity and growth.

“People from Seattle to Singapore, London to Lagos no longer need to spend so much time in a particular office,” says IWG CEO Max Dixon. “We are entering the era of the mobile workforce and it is hugely exciting. Not just for individual employees, but for businesses too,” said Max Dixon, CEO of International Workplace Group.

3) Job Markets are Becoming Increasingly Competitive

As stated previously, it costs companies money to hire and retain happy workers. In order to bring in the right talent, companies need to ensure they are as competitive as their competitors. Even now, as the unemployment rate drops to historic levels, companies are fighting over a worker shortage.

4) Americans are Working Longer

One of the strongest trends we’ve seen are people who are pushing off retirement. Many workers feel as if they haven’t saved enough. MarketWatch has stated that this isn’t a new trend. The number of people pushing off retirement has grown since the ‘80s. Employers allow it so they can retain some workers.

We’re living longer and are healthier once we reach that age. 80% of employers are supportive of their employees working past retirement age if they feel they need to. 72% say they believe their workers will stay on past the age of 65, especially as programs like social security begin to fade away and insurance becomes more expensive.

“People are living longer than in any other time in history, which is putting a strain on Social Security and intensifying shortfalls in personal retirement savings,” says Catherine Collinson, president of TCRS. “Therefore, many workers envision working past traditional retirement age. However, their ability to do so is highly dependent on the support of their employers.”

5) Dress Codes are Changing

A study done by OfficeTeam found that half of the managers they spoke with said employees are wearing less formal attire than they previously did. In another bid to improve employee satisfaction, bosses are easing up their dress code a bit. A comfortable worker is a happy worker and they’ll be less inclined to leave. 31% of workers said they’d rather work for a company that has a more casual dress code or no dress code at all.

“Employees should take their cues from company guidelines and what others in the office are wearing. Some industries, for example, are more formal than others,” says Brandi Britton, a district president for OfficeTeam. “A casual dress code doesn’t mean that anything goes. Staff should always look professional and project an image that reflects positively on the business.”

Written by adminJuly 2, 2019

Business

Summer can be a rough time of year for some smaller businesses. It really depends on location and whether you have a large tourist population. If you don’t, then summer can be a struggle. School is out and for several months, a normal schedule doesn’t exist. Families leave for vacation, trips to the beach, or go to camp.

Because the normal schedule is disrupted, it can slow down a small business who is already trying to grow. You don’t have to take this slowdown laying down, either. There are things you can do to improve your business while preparing for the rest of the year. Here are 3 things small businesses can do to overcome the summer slowdown:

1) Slow Times Aren’t Necessarily Bad

If you have times of the year when you’re really busy, having a slower season isn’t necessarily bad. It gives you, your employees, and the business as a whole time to catch your breath. Catch up on inventory. Do some upgrades to the building. You have the time to learn new ways to revamp your marketing. Convince your staff to use their vacation time during these months.

By using this time to prepare, you’re rested and ready to go for when the busy season kicks into gear. The last thing you want to do is go into it unprepared. So, lean into this time and take advantage of the opportunity.

2) Look at New and Innovative Marketing Techniques

There are plenty of ways to boost business during the summer months. If you run a restaurant, consider buying a food truck, having outside events, or sponsoring a catered party. Look for new ways to expand your horizons a bit. Reach out in new and fun ways. You can even change your business model slightly.

One great way to expand business during the summer is to promote summer events. Do promotions that draw large crowds. Buy a smoke pit and have a BBQ. Put together a weekend or sidewalk sale. Whatever it is you chose to do, draw your audience to you and build brand awareness.

3) Fill Seasonal Needs

There are a lot of businesses that cater to the needs of the people during different seasons. For example, you’ll have a landscaping company that mows lawns and does landscaping in the spring and summer also remove snow in the winter. They have figured out how to relevant all year long to serve the people of their community.

If you suffer a severe shortage of customers during the summer, find a way to stay open. Do something else. Change up your business model. This is a great time to get creative and make extra money rather than just closing shop until it gets busy again. It might even help to talk with your employees about ideas they may have.

Written by adminJuly 2, 2019

Politics

As we gear up for the 2020 presidential election, we know one thing for sure: billions will be spent in the pursuit of the White House. One wildcard in particular, the president himself, is most likely going to lead the Democrats into spending more than they probably ever have in party history. They’re angry and desperate to get Trump out of office.

On the other side of the equation, Trump won the presidency off of his ability to go where the people are at. He’s held a lot of large rallies during his campaign and even now that he holds office. Most presidents have smaller gatherings, but Trump doesn’t do small. He likes the big rallies and brags about them on social media, even purposely inflating the numbers on several occasions.

It appears as if President Trump’s massive MAGA rallies will be going nowhere anytime soon. He is set to kick off his 2020 bid in Orlando, Florida. Many thousands of Americans have already begun waiting in line – 48 hours before the rally is even set to begin! Love him or hate him, President Trump certainly knows how to throw one heck of a rally and his supporters love it.

Not Footing the Bill

While Trump supporters have no problem waiting in long lines that stretch around the block to see their president, the cities themselves haven’t been too thrilled. Having the U.S. president visit is always an honor, even if they’re a polarizing figure. But cities are now frustrated with the president due to his inability to pay the bill his visits cost them.

As you can imagine, it costs a lot of money for a city to host any world leader. There’s traffic, police, security, fire fighters, and so much more that goes into a visit like that. According to several cities, Trump isn’t paying his MAGA rally bills. He owes over $800,000 to city governments all over the country.

El Paso alone, the place where Trump had a dueling rally against Beto O’Rourke while stumping for Ted Cruz, says Trump owes them $470,417. This is data from the Center for Public Integrity and first reported by NBC News. This is a substantial amount that the Trump administration says they’re not going to pay – and for good reason. He says El Paso’s bill is ten times higher than any other city he’s visited and he’s being unfairly targeted.

Other Cities with Unpaid Bills

While El Paso claims the largest unpaid bill, there are several others that stretch back to his campaign. Green Bay, Wisconsin, Burlington, Vermont, Tucson, Arizona, Billings, Montana, Erie, Pennsylvania, and Spokane, Washington all say Trump owes them money for their security detail and other similar matters that his visit cost the city.

Whether these cities ever see the money again is up for debate. The Democrats don’t feel as if the president is being responsible, even dinging him by making the claim that Trump is not known for paying his bills. “Let’s be honest, when does Trump ever pay his bills?” Spokane City Councilmember Kate Burke told NBC News.

California Rep. Zoe Lofgren, chairwoman of the Committee on House Administration called Trump’s actions “outrageous,” and added that “taxpayers deserve to know to what extent they are subsidizing the president’s political activities.”

The Federal Election Commission might soon have to get involved, as there are potential legal issues waiting for the president if he doesn’t comply and pay the debts that are owed. The rules state: “A political committee shall report a disputed debt … if the creditor has provided something of value to the political committee.”

Written by adminJuly 2, 2019

Insurance

When it comes to filing and obtaining workers compensation benefits, the laws in many states make it difficult to file for worker’s comp. So, if you’ve been injured, you should know going in automatically that the pendulum is not swinging in your favor. Most likely it will side with your employer.

Many states are very business-friendly, that means that the laws often side with the business and not the employee. If you get injured, you have a lot of work ahead of you to win your case. You’ll need to hire a great attorney who knows the laws and can represent you in a way that gives you the advantage over the employer.

Here are three reasons why you should hire a workman’s comp attorney:

Reason #1: You Don’t Pick the Doctor, the Insurance Company Does

One way in which your employer has the upper hand is that the insurance company connected to the employer’s workers comp insurance is the one who chooses the doctor that you see, not you. You can have a doctor telling you A, but if their doctor disagrees, then you’re out of luck. Your diagnosis is important to the process as it will determine if you qualify and how much you should get on the law.

The doctors in most cases side with the employer. Their only goal is to get you back to work so that the employer doesn’t have to pay for benefits. They’ve been known to cover up underlying issues for the sole purpose of dampening your diagnosis in getting you back to work much quicker. When the entire process is skewed in their favor from the beginning, that’s a reason to hire a lawyer to take care of it for you.

Reason #2: They Make It Tougher on Attorneys

Imagine being in employer-friendly state. You want to pass laws that do everything possible to give businesses the upper hand. Not only do they get to choose the doctor, new laws have made it even more difficult for worker’s comp lawyers to get paid for representing clients. It’s done so that they are not paid from the clients themselves but through the same insurance company who chooses the doctors.

Because some of these cases take many months to wrap up, attorneys aren’t getting paid until months after the whole investigation started. This is making it more difficult to find a lawyer who will take on a workman’s comp. case.

Reason #3: Your Eligibility is Limited

As was stated earlier, the system doesn’t care about you at all. When he cares about is getting you back to work right away. When the doctor makes the decision to send you back to work, that’s it. You go back to work. It doesn’t matter if you’re still injured. Once the doctor decides, the money stops. And if you want to keep your job, you are forced to return.

Even if you make through these three steps, there’s no guarantee that your job will be ready and waiting for you once you get back. States offer no guarantees or protection to the injured worker that they will be able to get back to work, so even bringing you back is at the employer’s discretion.

For these reasons, you need a workman’s comp attorney on your side to help guide you through the system and overcome the unfair laws that care little for the worker. If you find yourself in this type of situation, going at it alone is the worst thing you can do. The system is not designed for you to win, but to protect businesses.

Written by adminJuly 2, 2019

Credit & Debt , Saving

Hey, there’s no shame in admitting that we love our pets. Like, we really love them. They’re a furry part of our family that we’ll always cherish. We love our pets so much that collectively, Americans spend around $70 billion every year to take care of them. This information is according to the American Pet Products Association. That’s a lot of love!

“Today more than ever, pet owners view their pets as irreplaceable members of their families and lives,” says APPA president and CEO Bob Vetere, “and it’s thanks to this that we continue to see such incredible growth within the pet care community.”

When it comes to food alone, we spend nearly $30 billion each year. It’s certainly the most expensive aspect of taking care of a pet. We need to feed them as often as we feed our own kids. If you’re going through a frustrating time financially, having enough money to feed your pets can be a challenge. Here are five ways to save money while buying pet food.

Way #1: Don’t Buy Brand Names

This is an easy step. We do the same thing when we’re struggling a bit financially. Why spending the extra several dollars for a name brand when the off brand is practically the same product? I mean, we know it’s a little less quality, but the price is often in our sweet spot. It’s the easiest way to still get the food we need while saving a few dollars.

At the end of the day, feeding your pets should be about nutrition. The premium brands aren’t more nutritious than the cheaper stuff on the market. They just have known brand names and can afford to stick their product on the shelf and command higher dollar for it. So, don’t be afraid to skimp and buy a cheaper brand of food.

Way #2: Look for Great Deals

It’s likely that the local pet stores around you have deals to get customers in the door. Maybe they have email lists and regularly send coupons. They might even have a customer membership club to join. If you have pets, it definitely makes sense to take advantage of these programs. They can ultimately save you a bundle of cash in the long run.

Way #3: Buy Food in Bulk

Another way to buy food is to get it in bulk. It works in human stores as well. Many people save a lot of money buy buying what they need and use often in bulk. You can do the same with pet food. Don’t always good for the smaller bags, even though they’re often cheaper than the larger ones. Usually the larger bags will give you the better deal. You can even use your Amazon Prime membership to get bulk pet food sent right to your door!

Way #4: Feed Your Pet Adequately

A lot of pet owners don’t pay attention to serving sizes when they feed their pets. They just fill up the bowl whenever they see it empty or when the pet begs for food. That can mean they’re being overfed, which costs more money. If money is tight and you see your pet might be gaining some weight, put them on a diet. Ration their food out appropriate for their size, age, and breed.

Way #5: Make them Treats

If you enjoy cooking and providing for your family, you can do the same for your pet. They love to eat whatever they can, so why not make them daily treats? It can save you money to buy the ingredients and make them yourselves. There are plenty of Pinterest recipes you can use. Just make sure it’s both tasty and nutritious for your pet!

Written by adminJuly 2, 2019

Student Loan Consolidation

Only a few days after presidential candidate Elizabeth Warren released her plan of canceling up to $50,000 for each person student loan debt, Bernie Sanders decided it was time for him to jump in as well. Also a 2020 presidential candidate, Sanders has had a lot to say about this debt problem. His solution is even broader than Warren’s and cancels a lot more student debt.

While Warren only wants to focus on the lower- and middle-class Americans, leaving the rich to fend for themselves, Sanders wants to wipe out the entire $1.5 trillion enchilada with one fell swoop. This plan is a lot deeper than a lot of the other proposals made by other presidential candidates. But make no mistake, all the 2020 hopefuls have their own ideas.

The Washington Post first outlined his proposal that hopes to wipe out every dollar of student loan debt. That means all of the 46 million Americans with student loan debt would walk away absolutely scot-free. This is certainly a very interesting concept that has a lot of Americans paying attention.

“In a generation hard hit by the Wall Street crash of 2008, it forgives all student debt and ends the absurdity of sentencing an entire generation to a lifetime of debt for the ‘crime’ of getting a college education,” Sanders stated in remarks prepared for a Monday news conference detailing the proposal. Other Democrats, including Rep. Ilhan Omar (D-MN) and Rep. Pramila Jayapal (D-WA), support this proposal.

Canceling Student Loan Debt for Americans

The cancellation of student loan debt will have a large and sweeping impact on the US economy. The problem with student loan debt as of late has been rising tuition as well as the number of Americans who immediately leave college and are burdened with additional payments equivalent to paying down rent or an expensive auto loan.

The average former student pays as much as $3000 per year. This prevents them from being able to invest money in other things. In fact, mind Americans blame student loan debt for their inability to rejoin the rest of society. Paying off so much debt that they’re unable to afford insurance, to save money, and it’s even forcing them to push off major life decisions.

Of course, the way Sanders plans on paying for this that is very Bernie Sanders. He plans on going after the rich and taxing them to give a 100% clean slate to everyone with student loan debt. “We bailed out Wall Street in 2008,” the senator tweeted early Monday morning. “It’s time to tax Wall Street’s greed to help the American people.”

Currently in the United States, 46 million people owe $1.5 trillion in student loan debt. This is a number that it is going to continue to increase as tuition grows each year. New numbers will be updated this fall, so we could be looking at a brand-new record. 11% of the student loan debt out there is facing serious delinquency. 40% is expected to be in default in the next five years.

Other Candidates Support Student Loan Forgiveness

Just about every other Democratic candidate has come out in favor of some type of student loan forgiveness. Julián Castro is one of those candidates. He isn’t making any the same headlines that Warren and Sanders are making, but really agrees with them that the government needs to do more to protect American citizens.

“The federal government has failed to adequately step in to support students and universities — pushing more and more students towards costly loans that can at times be predatory,” Castro wrote on his website. “Make no mistake: this is a crisis. More and more students are defaulting on their loans, tanking their credit for years to come. It’s time we break the work-school tug of war.”

This is a major crisis in our country and our president has done nothing to help combat it. In fact, he has even attempted to remove the current student loan programs out there that help students who are struggling to pay back their loans. President Trump feels as if it’s not fair to put the burden of a person’s decision to go to college on the backs of American taxpayers.

Written by adminJuly 2, 2019

Business , Credit & Debt

It’s not very often that a business can come back from the dead and is resurrected from the ashes. Toys “R” Us might be the very business that does that. This company is taking a beating over the past decade as Amazon and Walmart have fired up their online sales taken a massive chunk out of their profits.

Any of the current major retail businesses that have gone under did not learn to adjust their business model. They just fell behind the massive change that was taking place within the world of retail. Customers were seeking something that was more convenient. Toys “R” Us decided not to change your model and hurt them in the end.

But consider this redemption story. Toys “R” Us is learned from its mistakes and now wants to return into the fold. They very much have a new plan for tackling new sales and bringing an all-new audience at the perfect time for the 2019 Christmas season. Toys “R” Us is looking to revamp the entire image offering the same convenience you’ll find at other thriving stores.

Toys “R” Us Plans and New Model

Before, Toys “R” Us was just a huge box store. They really offered nothing to invite families with kids through their doors. The place really was just way too big and offered very little convenience. This is what appears to be changing their new stores. The only plan to be about a third of the size of the old ones, at about only 10,000 square feet.

Cutting down on size will allow for them to save money and offer the toys that parents are most likely to buy. They also want to up the Toys “R” Us experience. They want to include play areas and other experiences for children selection you want to come to a Toys “R” Us store and be able to have fun while parents shop.

They even want to change their sales model into more of a consignment form. If you want to sell your toys through Toys “R” Us, you won’t get paid until customers buy your products. This is a new approach against the old outdated model that cost the company a lot of money. It all boils down to the new owners and their plan to get Toys “R” Us back on track.

New Owners

Tru Kids, Inc is the company that took over Toys “R” Us earlier in the year. They believe that the company still could make a comeback if it was just revamped and the model changed. The new executive of the company and CEO of Tru Kids is Richard Barry, who spent the past few months pitching his new ideas to toy manufacturers in conferences.

Even plan on putting out a brand-new website that has a lot of the same features as you would find with Amazon or Walmart. In the new modern technological age, you must provide new experiences, especially when children are involved. Whether these new techniques will be hit is unknown until the 2019 holiday season.

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