Reports suggest retail giant Toys R Us will sell or close all 800 of its stores after six decades in business.
Reports suggest retail giant Toys R Us will sell or close all 800 of its stores after six decades in business. Outside the Emeryville Toys R Us and Babies R Us, the writing is on the windows — store closing signs with half off deals. »I have a call from my parents and they’re like hey, Toys R Us is closing, let’s go buy them some toys, » said Saeng Phein. The news caught some off guard. »I’m a little shocked and surprised, » said Rebecca Miller. That’s partly because Toys R Us has been in business for six decades. Today’s Toys R Us parents were yesterday’s Toys R Us kids. »I’ve known it since I was a kid, so it’s fascinating to see all these huge stores closing, » said Miller. The retailer filed for bankruptcy in September with big box and online competitors taking over. »I used to work for a private label that sold on Amazon so I could see why this is happening, » said Phein. Customers worry about employees losing their jobs, as many as 33,000. »A lot of people do (work there) which is kind of sad, » said Fernando Montes. In an email to ABC7 News, a spokesperson for Toys R Us said the retailer had no comment at this time.
