Toys R Us to reopen later this year, report says

Toys ‘R’ Us is coming back a year after shuttering U.S. operations. The remnant of the defunct toy chain is set to return this holiday season by opening about a half dozen U.S. stores and an e-commerce site

The reincarnation of the retailer is reportedly the idea of Richard Barry, a former Toys "R" Us executive, who is now the CEO of Tru Kids Inc.

Toys "R" Us will rise again!

Sources close to the beloved toy retailer said the company will make a seasonal comeback with the opening of a half dozen stores and an e-commerce site, Bloomberg reported.

Instead, they are downsizing to 10,000 square feet, saving room for play areas in order to enhance the shopping experience.

After closing all its stores nearly, a year ago, Toys "R" Us may be ready for a comeback. Items that aren't sold would be returned. Whether or not toymakers that went unpaid because of Toys "R" Us' liquidation in 2018 will be willing to work with the retailer on the consignment process is an unknown.

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Reached for comment, a spokesperson for Tru Kids Brands told Fast Company, "We aren't in a position to publicly share details on our United States strategy at this time".

Barry is the CEO of Tru Kids, Inc., a new company that took over the Toys "R" Us brand earlier this year. The locations will also have more experiences, like play areas.

The toy chain ceased US operations in 2018 but is expected to open about a half dozen American stores and a website later this year, people close to the matter told Bloomberg.

Tru Kids will be headquartered in Parsippany, New Jersey, about a 20-minute drive from Wayne, New Jersey, where Toys R Us was previously based.


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