Hello!

We were devastated with Toys R Us finally shut their doors for good. But it now it seems that there is a glimmer of hope that is toy superstore may be resurrected.

Court documents filed with the USA bankruptcy court has shown the debtors of Toys R Us have decided to cancel a planned auction of the company’s intellectual property, including its brand, rights, website domains as well as the famous mascot Geoffrey the Giraffe, amongst other assets.

The group of hedge funds, who now own the business, have cited the reason behind this move is that there’s a plan in place to potentially open a new Toys R Us and Babies R Us branding company that would maintain the existing global license agreements for the company.

Back from the retail dead

As reported in Smart Company, these new companies would be able to “invest in, and create new, domestic [and] retail operating businesses”, as well as “expand its international presence and further develop its private brands business.”

Basically, with some significant investment, the toy and baby mega-store could be revived.

This is great news for worldwide customers who were vocal in their disappointment once the news of the chain’s demise was shared.

Locally, administrators attempted to find a separate buyer for the Aussie operation, which consisted of 44 stores. However, this was unsuccessful.

The eventual closure of the stores meant around 700 full-time Australian workers lost their jobs.

We’ll be watching this space with much eagerness.

Were you sad when Toys R Us closed? Tell us in the comments below.

  • I tried to avoid them unless I found something they had that no one else had. Their prices were way too expensive and most things I could get else where much cheaper. I did use Babies are us a few times though.

    Reply

  • They had great toys but I found lately that Kmart had them for cheaper

    Reply

  • I had just started to order toys from here and they went bankrupt. Ild be rapt to see them return

    Reply

  • It will be interesting to watch this space on Toys R Us.

    Reply

  • Unless they reduce their prices when they return to Aust. they may not be successful. Often their “specials” prices were the same as other places such as Target, Kmart and Big W that sold toys at their normal prices.

    Reply

  • I would love it if they came back…
    Although I didn’t buy a lot from there as they were often more expensive than their competitors, it was nice to have the variety of choice.

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  • They’d have some work to do to regain trust.

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  • I didn’t really miss it. Too far anyway from where I live.

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  • I hope so we don’t have enough range at the moment.

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  • It would be nice if the same 700 workers who lost their jobs, would get firstly a job offer when it reopens.


    • Such a good and valid point – I would hope so too! They will be experienced.

    Reply

  • If they come back hopefully their online shipping prices will be more reasonable!

    Reply

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