Retail

Toys R Us’ last two stores in the U.S. are closed for good

0


New Toys”R”Us store opens at Garden State Plaza in Paramus, New Jersey.

Source: Tru Kids Brand

Toys R Us has closed the only two stores it had left in the United States.

The iconic toy retailer made the decision as a result of the hardships brought on by the Covid pandemic and plans to shift resources toward opening new locations where there is better shopper traffic, a spokesperson told CNBC in an emailed statement.

“Consumer demand in the toy category and for Toys R Us remains strong and we will continue to invest in the channels where the customer wants to experience our brand,” the person said.

Toy sales in the U.S. surged last year by 16% to $25.1 billion, market researcher The NPD Group…



Source cnbc.com

Robinhood is still severely limiting trading, GameStop holders can only buy one additional share

Previous article

Jobless claims rise less than expected at 847,000 first-time applicants

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail