Toys R Us retrenches again, shutters its last 2 US stores ...United Arab Emirates

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Toys R Us retrenches again, shutters its last 2 US stores
source : Gulf News ( United Arab Emirates ) () 21
New York: Toys R Us is retrenching once again. The only two Toys R Us stores that opened in November 2019 as part of a small US comeback attempt by the iconic toy chain have now closed. The Toys R Us store at the Galleria mall in Houston shuttered on January 15, while one at the Garden State Plaza in Paramus, New Jersey, closed on Tuesday, according Tru Kids, a new entity formed when it acquired Toys R Us' intellectual property during its liquidation in 2018. The move comes as physical stores, particularly mall-based locations, have been hurt by weak customer traffic amid the pandemic. The Toys R Us website is still in operation. "As a result of COVID, we made the strategic decision to pivo

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