Just a few years ago, Toys R Us was on its way to the retail graveyard after going out of business. Now, it’s coming to America’s biggest mall, just in time for countdown to Christmas.
The iconic toy retailer, whose history dates back to the late 1940s, went out of business in 2018, in tandem with its Babies R Us division. Toys R Us at one point was the leading toy chain in the United States and globally. As it expanded its dominance in toys retailing, it came at the expense of smaller neighborhood toy stores which just couldn’t compete with its size and low prizes and were forced to shut down.
But Toys R Us’ size – both in global store fleet and massive inventory – eventually contributed to its downfall as the company buckled under billions of dollars of debt.
Source: Edition.CNN
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 