Toys R Us closes final stores Friday

30 June, 2018, 15:54 | Author: Salvatore Jensen
  • Rene Johnpiere the woman who took the viral also posted several other images including the one above that reads'I guess everyone has grown up. There's no more Toys

A heartbreaking photo of the Toys "R" Us mascot has gone viral as the toy giant prepares to close its doors for good on Friday.

Toys R Us filed for bankruptcy in a September in a bid to stay afloat amid growing debts. What we found was a manager who didn't want us filming, no Geoffrey, and a pretty good sale on a small selection of toys.

In a dire retail landscape, more than 8,000 USA shops closed in 2017, roughly double the average annual store closures in the previous decade, according to data from the International Council of Shopping Centres.

The origin of the photo is unclear, but may have been staged and taken by a store employee.

In the less than two days since Johnpiere posted the image on Facebook, it has been shared almost 300,000 times.

"The company's operations outside of the USA and Canada, including its operations in Europe and Australia and its approximately 255 licensed stores and joint venture partnership in Asia, which are separate entities, are not part of the Chapter 11 filing", a spokesperson said, according to Newsweek.




In January, it announced plans to close about 180 stores, but then in March it said it would liquidate the rest of the 700-plus stores.

Many kids grew up watching Geoffrey the Giraffe in TV commercials.

The nationwide shutdown of Toys "R" Us has left a $11 billion market void.

"I think Geoffrey the Giraffe signifies fun and childhood memories", a zoo representative told CBS San Antonio affiliate KENS.

Five former Toys R Us executives, including former CEO David Brandon, shared $8.2 million in retention bonuses.

- Well, it's the day we all knew was coming. and now it's here. Speaking to the Sydney Morning Herald at the time, the toy store said it was business as usual outside of North America.

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