Talk about the end of an era. Our childhood mecca, Toys “R” Us, is closing and/or selling all of its United States locations. After failing to compete with online shopping services like Amazon, Toys “R” Us will ditch over 30,000 employees and leave toy suppliers that provided the company with $11 million worth of products in the lurch. But what of Toys “R” Us’s sister company and one-stop-shop for all infant and toddler essentials, Babies “R” Us? Is Babies “R” Us closing up shop as well? Honestly, things don’t look good.
According to a USA Today article, Toys “R” Us CEO Dave Brandon announced that Babies “R” Us stores are also on the chopping block. But Brandon also stated that the company would keep the Babies “R” Us registry and web stores open for the time being, in hopes that someone will buy the asset.
The future of Babies “R” Us remains in the dark for now, and there’s only a faint glimmer of hope on the horizon.
The company still hopes to keep 200 stores — most likely a mix of Toys “R” Us and Babies “R” Us — open in the U.S. and Canada.
Discounts are expected to go into effect as soon as next week as Toys “R” Us stores begin the liquidation process. Gift cards will be honored for another 30 days, so if you have them, use them now.
RIP Toys “R” Us (and potentially Babies “R” Us). If you ever rise from the grave, we’ll be there to buy a Lego set.