Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail News

  • Home
  • Retail News
  • Toys R Us to close up to 180 stores

Toys R Us to close up to 180 stores

  • Categories Retail News
  • Date January 25, 2018
  • Comments 0 comment

American toy retailer Toys “R” Us is closing 180 U.S. stores after filing for bankruptcy back in September 2017, according to Fortune. The plan is the company’s attempt to recover from years of substandard sales and a sizable $5 billion USD debt.

The shutdown plan will cut off 20 percent of its U.S. locations, at least half of which will be Babies “R” Us stores, reports Bloomberg News. Notable closures include the Toys “R” Us store in Wayne, New Jersey (where the company’s headquarters are), and the Babies “R” Us store in Union Square, Manhattan — both of which accounted for an aggregate $925 million USD in sales in 2017.

CEO Dave Brandon detailed efforts to salvage the company in a letter to employees indicating plans to revamp existing store locations, combine Babies “R” Us and Toys “R” Us, improve in-store experiences and reduce inventory to “simplify the company’s store operations and supply chain.”

It’s unclear whether or not non-U.S. Toys “R” Us stores will be affected, but the overall hit is a negative for the toy industry in general, as toy suppliers and makers rely on chains such as Toys “R” Us to introduce and promote products. 

Source: Hypebeast.com

  • Share:
gsiino

Previous post

Amazon Go cashierless convenience store opening to the public
January 25, 2018

Next post

Kroger's new digital strategy
January 25, 2018

You may also like

ULTIMA POR HOJE
First look: Inside Ikea’s highly anticipated Oxford Street store
30 April, 2025
vai tomar
Morrisons becomes first UK retailer to deploy Simbe Tally robot as select stores trial the technology
28 April, 2025
vem nenem
French retail chain Mr.Bricolage deploys Hanshow digital technology as it opens new store in Rouen
24 April, 2025

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

First look: Inside Ikea’s highly anticipated Oxford Street store
30Apr2025
Morrisons becomes first UK retailer to deploy Simbe Tally robot as select stores trial the technology
28Apr2025
French retail chain Mr.Bricolage deploys Hanshow digital technology as it opens new store in Rouen
24Apr2025
Nude Project Opens Its First Store in Amsterdam Inspired by Stanley Kubrick
23Apr2025
DoorDash and Coco ramp up partnership with US sidewalk robot delivery launch following Wolt pilot
11Apr2025

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy