Toys R Us To Open 120 New Stores: What To Know In CA – Patch

Toys R Us To Open 120 New Stores: What To Know In CA Patch
From the ashes of childhoods past, Toys R Us has been resurrected. The popular chain of toy stores is opening up 120 new standalone shops across the country ahead of the coming holiday season. There are currently five locations confirmed open in California. It's not clear how many additional stores will be added in the state, as the full list of locations has not yet been released. "This holiday season represents an extraordinary expansion for Toys R Us in the U.S.," Gideon Schlessinger, CEO of Go Retail Group, said in a statement. "There's something special about walking into a Toys R Us store, especially during the holidays. The excitement of discovering the hottest toys, seeing favorite brands and characters come to life, and finding that perfect gift." Forty stores are already open nationwide, so the expansion brings that number to 160.
All stores are expected to be open before Christmas. Toys R Us filed for bankruptcy in 2018, eventually closing or selling all of its 735 locations around the country. A small number of shops have since reopened in partnership with Macy's, but this week's announcement is a far more comprehensive "comeback." Toys R Us’ bankruptcy filing came amid slumping sales and mounting debt, which grew to about $5 billion. The chain has faced increasing competition from Amazon, Walmart, and
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Local News – San Diego
