Toys ‘R’ Us could come back with six stores and a website

0
618
A man holds up a sign announcing the going out of business sale at a Toys R Us and Babies R Us store location, Friday, June 1, 2018, in Totowa, N.J. (AP Photo/Julio Cortez)

Following the custom of well-known retailers that went under as a result of leveraged investments and business moving online, Toys R Us is reportedly close to a comeback.

According to Bloomberg, a former executive is pitching plans for a chain with locations that are a third of the size of the stores you remember (probably because some of them still remain out there, empty and loom) and, of course, a website.

Radio Shack is still around, and while Circuit City’s stripped-down relaunch last year didn’t go quite as promised, it’s still functioning online. Based on the report, Richard Barry is planning to open about half a dozen locations by the holiday season, under the “Tru Kids” entity (consisting of the same lenders it owed) that owns the name.

An executive of a toy company is quoted saying the industry will benefit from a self-standing toy store, even though competitors like Walmart and Target have expanded their sections.

[Read More]