Toys "R" Us Canada carries on business as usual amid reports of U.S. liquidation

By The Canadian Press
March 9, 2018 - 8:45am

TORONTO - Toys "R" Us Canada says it's business as usual amid reports that the retailer's U.S. counterpart is preparing to liquidate operations in the United States.

The Canadian retailer says it has no information or comment about various media reports that say Toys "R" Us is making preparations to close all of its U.S. stores.

The U.S. and Canadian divisions of Toys "R" Us have been under court protection from creditors since September. Media reports say that Toys "R" Us could close all 880 of its U.S. stores after failing to find a buyer or reach an agreement with its creditors.

Toys "R" Us Canada has about 82 stores, including one at Bower Place in Red Deer, as well as an e-commerce site making it about one-tenth the size of its American counterpart.

Toys "R" Us Canada's vice-president for marketing, Clint Gaudry, said in an emailed statement late Thursday that the company continues to honour all of its customer policies and programs such as its baby registry, gift cards and loyalty points.

(The Canadian Press) 

Red Deer area unemployment rate holds at 5.5%

Join the Discussion

We are happy to provide a forum for commenting and discussion. Please respect and abide by the house rules: Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. See full commenting rules.