Toys “R” Us, a gloomy day indeed.
A lot of childhood memories come from Toys “R” Us, from running through the aisles pretending I was on “Nickelodeon Super Toy Run” to just going to look at bicycles. While these store closings are not surprising following their filing for Chapter 11 bankruptcy back in September, they are for the best. The toy giant is set to close 180 more stores following their closure of the iconic Times Square location back in 2015. 180 stores is about 20% of their locations, with 1,600 total today. Q3 sales fell by 7% in the US and they realized a net loss of over $862 million in the first 9 months of 2017.
My personal opinion, these closings will help Toys “R” Us bounce back, maybe not to where they were but progress forwards nonetheless. While big box retail as a whole is down due to online shopping, there is nothing like the feeling as a child going to pick out a special toy for your birthday in person.
Below are a few articles that I found interesting this week:
Toys R Us to Close 182 Stores Across the US
Toy R Us Exiling 6 DFW Stores To The Isle Of Lost Toys (DFW Specific)
TEXAS (From link above)
- West El Paso: 801 Mesa Hills Dr.
- Katy: 9730 Katy Freeway
- Allen: 170 E. Stacy Road
- Irving: 7730 N. MacArthur Blvd
- Lewisville: 420 E. Round Grove Rd
- Dallas: Galleria 13710 Dallas Parkway
- Hurst: 1309 W. Pipeline Rd
- Hulen: 5800 Overton Ridge Blvd
Alibaba, US grocer Kroger had early business development talks: Source
Choosing The Right Property Is About More Than Location In Today’s Retail Climate
Growing Boeing Snaps Up More Space At Legacy West
Amazon Go market’s public opening: Long lines in, but getting out is fast
6 Reasons An Amazon-Target Merger Could Be Bad For Shoppers
QIC closes on third mall in 10-mall deal
Bank HQ To Be Tallest In McKinney
Overstock Climbs on Report That Kroger Might Be Eyeing Deal
Dallas Cowboys owner Jerry Jones’ real estate company has plans for a new project in Irving
Kohl’s shares could pop 50 percent as Amazon partnership ramps up
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
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Tim Lepore 
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