Toys 'R' Us stores can again open
In June, the company closed all its stores in the United States as part of the liquidation of the company due to bankruptcy. But the owners of the remaining assets are now thinking about the resumption of the stores of Toys "R" Us and Babies "R" Us.
Фото: Depositphotos
Toys "R" Us planned to sell the rights to its name and brand Babies "R" Us. According to the statement, there were already those who wanted to buy them, who voiced their proposals. But the owners of the company eventually decided to cancel the auction.
The company said it was considering launching its stores in a new form. The plan is to “create new, domestic retail operating businesses called R Us and Babies R Us, as well as expand our international presence and develop our private brands business.”
Details of when and how the brand will be brought back to life are not disclosed.
Toys R Us filed for bankruptcy a year ago, planning to use the reorganization process to get rid of debt and stay in business. But after a disastrously bad Christmas shopping season, the campaign announced in March that it was closing its remaining 800 American stores and going out of business.
It ended up with a loss of about 31 000 jobs. 70-year-old retail chain closed in June 2018.
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