Could Toys ‘R’ Us Return To The Quad Cities?
Following the closure of 700 American stores this past year, there's a chance the new owners of Toys "R" Us could re-open the chain in the US.
According to WQAD, the store was purchased by Tru Kids Brands last year and has continued operating 900 stores in Asia, Europe, and India. 70 new stores are set to open overseas by the end of 2019.
Now Tru Kids Brands wants to resurrect Toys "R" Us in the states under the new name.
“We have significant interest about how to bring the brand back to the US,” Richard Barry, the CEO of the new company, told CNN Business on Monday. He was the former global chief merchandising officer at Toys “R” Us.
“We’re talking to a whole series of different companies, some are existing retailers, some tech companies,” Barry added. “We’re working 24 hours a day, 7 days a week to bring it to life. At this point, we’re not ready to commit to what that might look like.”
The brand could return with new stores, online sales or a combination of both. It would be tough for Toys "R" Us to return (even under a new name), as competition from Amazon, Target, and Walmart was cited as a main reason for the original closure.
Still, many feel there's a void left in the US marketplace for a toys-only store. Time will tell if the chain will re-open, but we certainly hope the QC would be on the list of new stores if they do.