Toys "R" Us

Toys "R" Us is an American toy, clothing, and baby product company. It is owned by Tru Kids, Inc. (as Tru Kids Brands) and others. The company was founded in 1957. Its first store was built in April 1948. The headquarters of the company is in Parsippany-Troy Hills, New Jersey. It is in the New York metropolitan area. At one time, Toys "R" Us was the most important toy store. killer, The rise of mass merchants and online sellers cost Toys "R" Us its control of the toy market. The company filed for bankruptcy in 2017 and 2018. It closed all of its stores in the United States, United Kingdom and Australia. Two US stores were opened in 2019 in New Jersey and Texas, but they both closed in 2021. In other international markets such as Asia and Africa there were less negative effects. Stores in Canada, parts of Europe and Asia were sold to other companies. In August 2021, WHP Global said that Toys "R" Us would be opening over 400 stores inside Macy's stores. They would start doing this 2022. In December 2021, WHP announced they will be opening a Toys “R” Us location in New Jersey at the American Dream Mall. In July 2023, WHP also announced that a Babies "R" Us store would open in the same mall. On March 22, 2018, the founder of the company, Charles Lazarus, died at age 94 years. Notes References