TOYS 'R' US Coming Back From Extinction With Plans for New U.S. Stores by Christmas - Report

Toys "R" Us
Credit: Toys "R" Us

Toys "R" Us' parent company Tru Kids is planning to open six stores in the United States by Christmas, according to Bloomberg. The franchise, which shuttered its U.S. operations in 2018, is reportedly set to return with plans for six 10,000 sq. ft. stores that will be a mix of store shelves and play areas.

According to the business trade,Tru Kids CEO Richard Barry is currently talking with toy manufacturers with a plan to sell on consignment. MGA Entertainment, the manufacturer of toys such as Little Tikes and Bratz, has confirmed these talks and said they are working with Tru Kids.

"This market needs a self-standing toy store, that’s for sure," said MGA CEO Isaac Larian said in an interview. "We will sell them inventory."

Following the company's bankruptcy in 2017, all of Toys "R' Us' U.S., British, and Australian stores were shuttered. Those remaining in Canada, Europe, Asia, and Africa were sold to third-parties with Tru Kids acting as a licensor of the brand.

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