Tuesday, 25 September, 2018

In farewell to U.S. shoppers, Toys 'R' Us urges 'Play on!'

A Toys 'R' Us Store As Company Gets 11th Hour Bid From Little Tikes's Larian Bloomberg Getty Images
Scott Davis | 30 June, 2018, 15:52

"Thanks to each of you who shared your fantastic journey to (and through) parenthood with us, and to every grandparent, aunt, uncle, brother and sister who's built a couch-cushion rocket ship, made up a hero adventure, or invented something gooey", the message said.

Toys R Us, which also owned Babies R Us, collapsed in February after they were unable to pay a £15million tax bill.

The company had $5 billion in debt after a leveraged buyout that left it unable to invest.

After more than 60 years in business, the industry giant is the latest casualty in the ongoing demise of brick-and-mortar retail stores as more and more shoppers turn to online retailers and big-box stores like Walmart and Target that offer one-stop shopping destinations.

The toy store chain announced in March they would be closing down and the few remaining stores are closing for good this week.

Party City said on Monday it will open about 50 pop-up toy stores this year along with its Halloween City pop-up shops in locations that present "attractive leasing opportunities", CEO James Harrison said.




The photo of a sullen Geoffrey the Giraffe was taken by Rene Johnpiere, believed to be an employee at a Toys "R" Us in Waterbury, Connecticut.

Many long-time employees were hoping to retire at a place they called home.

However, on a more positive note, the 16-foot tall statue of Geoffrey that greeted visitors at Toys R Us headquarters in Wayne, New Jersey will continue to make children happy at a hospital in the state.

'It was the best job I had.

"I think Geoffrey the Giraffe signifies fun and childhood memories", a zoo representative told CBS San Antonio affiliate KENS.

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