There is a bitter sense of irony to the situation, with Toys “R” Us having previously squeezed out other toy stores like FAO Schwarz and Kay Bee Toys.
Here’s hoping that Geoffrey the Giraffe can keep his long neck above water long enough to see Toys “R” Us through to the future.
Apparently, the Toy and Babies “R” Us stores won’t be affected, but underperforming stores will likely be shut for good.
Sadly, as the last major free-standing toy retailer, even Toys “R” Us can’t compete with what has been a terrible year for retail.
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