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Toys R Us Is Closing Its Doors After 70 Years In Business

Mar 22, 2018

U.S. toy R Us declared bankruptcy after Britain: Closed 800 U.S. stores

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According to CNN, Toys "R" Us, a famous toy chain toy distributor, decided to sell more than 800 physical stores across the United States under the impact of Internet access and e-commerce. Closed, its 33,000 employees will stay in the future and become a concern for the American media.

David Brandon, the chief executive of Toys R Us, wrote a letter the day before to inform employees of the decision. "In the past half century, R Us has provided a huge toy house for millions of American children. I myself grew up in R Us, but since the advent of supermarts such as Walmart and the electronic channels such as Amazon became mainstream, sales performance has been declining, and closing physical stores is also a last resort.

 In fact, owing to the huge debt of 5 billion U.S. dollars (about 146.07 billion U.S. dollars), the old toy store toy city U.S. appealed to the court last September for bankruptcy in the hope of delaying the closing of stores and downward pressure on performance, but ultimately it failed. Block the closing of physical stores. In addition to closing 800 stores across the United States this time, the United Kingdom on the other side of the Atlantic was confirmed last week that it will be fully closed.

 

Founded in 1948, Toys R Us is an American multinational toy chain store headquartered in New Jersey. In addition to the United States, including Hong Kong, Thailand, Taiwan and China, etc., can see its whereabouts, was once synonymous with toy sales stores, nearly 700 global exhibition shops, which entered Taiwan in 1989, the most prosperous period Once had 21 stores.


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