Apparently there isn't going to be anywhere that a kid can be a kid soon. The Washington Post is reporting that Toys R Us is planning to sell or close all 800 of its U.S stores six months after they filed for bankruptcy. The closing will affect as many as 33,000 jobs as the 60 year old mainstay fades away. One positive note is a group of toymakers submitted a bid to buy 82 Toys R Us stores in Canada, and is looking into buying as many as 400 U.S stores, which they would still operate under the Toys R Us name.
Truly a shame, but hopefully Isaac Larian and his group can keep some of them around. I'm still bummed out about Montgomery Wards and now this. Thanks to NeghVar for this bit of nostalgia though.
Isaac Larian, chief executive of MGA Entertainment said, There is no toy business without Toys R Us,” noting that he sold his first product to the chain in 1979. “It’s a big deal and I’m going to try to salvage as much of it as possible.”
Truly a shame, but hopefully Isaac Larian and his group can keep some of them around. I'm still bummed out about Montgomery Wards and now this. Thanks to NeghVar for this bit of nostalgia though.
Isaac Larian, chief executive of MGA Entertainment said, There is no toy business without Toys R Us,” noting that he sold his first product to the chain in 1979. “It’s a big deal and I’m going to try to salvage as much of it as possible.”