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IS TOYS R US BACK IN BUSINESS?

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TOYS R US IS WORKING ON COMING BACK BEFORE THE HOLIDAYS!

The History of Toys R Us:

Toys R US was founded in 1957 but sadly last year we watched them close all 735 of their stores. [1] Toys R Us had nearly 3100 employees but with 7.9billion dollars in debt there was no way for them to continue. More info on Toys R Us closing here.

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Here is what we found about Toys R Us coming back in 2019:

Richard Barry, president and CEO of Tru Kids, said in a statement. “We have an incredible team focused on bringing Toys”R”Us and Babies”R”Us back in a completely new and reimagined way, so the U.S. doesn’t have to go through another holiday without these beloved brands.”[2] Because he said “doesn’t have to go through another Holiday” we think they will start to reappear here in 2019! There were talk of a dozen investors in buying the name and brand of Toys R Us and after a lot of research we think it can be one of two thinks. Current CEO Richard Barry has partnered to re-invent the outdated marketing and business of Toys R Us (which he has talked about a few times) or investors will pursue major names and own them to make sure that that brand can never come back! Only time will tell!

 

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