“The retailer filed for Chapter 11 bankruptcy protection in September and officially filed for liquidation in March. As a result, more than 700 Toys R Us and Babies R Us stores across the United States will be closing for good by Friday, June 29.
The store has been saddled with debt since a leveraged buyout in 2005 and struggled to keep up with competitors.
Though many Toys R Us fans were aware of this, they’re still heartbroken to see it go.”
Tim’s must reads:
Photo of Geoffrey the Giraffe leaving an empty Toys “R” Us store goes viral
Toys R Us will close all of its US stores by the end of Friday. Take a look back at what it was like in its heyday
Two underground Dallas subway stations that are all but forgotten. Curious Texas digs for answers
First Look: Casper expanding in physical retail
Below are a few articles that I found interesting this week.
Local:
Pushing The New Momentum In Downtown Dallas Development
Development Efforts Lacking In CBDs
When’s the next recession? Real estate analysts give their best guess
Hong Kong firm plans huge Frisco development with shopping mall, office towers, hotel and apartments
See how many Californians moved to Dallas in just 3 months last year FILED UNDER
Frisco decides it’s the end of the road for its ‘$5 Billion Mile’
First Look At Center For Architecture’s New Downtown Dallas Digs, New Name
West Village makeover: Gap exits, and new shops including Sephora move in
The Container Store unveils next-generation store
National:
Toys R Us will close all of its stores Friday
U.S. retail sales grew by 3.1 percent last week
Special Amazon Prime discounts will be in Whole Foods nationwide starting Wednesday
Physical stores win out over online competitors in this category
11 Things Retailers Just Said About The Future Of The Store
Former Toys R Us CEO considering a revival of the bankrupt retailer
Party City to open Toy City stores in wake of Toys R Us demise
Tech-savvy b8ta to expand footprint as Macy’s leads new funding
Kroger to bring driverless cars to grocery delivery
Fast-casual juice-bar chain continues aggressive expansion
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 