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…