All of the “R” Us stores, including in Beavercreek and Miami Twp., closed their doors at the end of June after filing for bankruptcy in September 2017. The company was $5 billion in debt in April 2017.
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"Despite unprecedented efforts to capture the U.S. market share this past holiday season, there is still a significant gap and huge consumer demand for the trusted experience that Toys"R"Us and Babies"R"Us delivers," said Richard Barry, President & CEO of Tru Kids Brands and former global chief merchandising officer at Toys"R"Us.
In 2018, Toys “R” Us and Babies “R” Us generated over $3 billion in sales across 900 stores and e-commerce business in 30 countries. In the United States, the brands have 9.5 million followers across social media, the company said.
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The company will open 70 stores this year in Asia, India and Europe and develop new e-commerce platforms in several key markets, according to the statement.
“We have an incredible team focused on bringing Toys”R”Us and Babies”R”Us back in a completely new and reimagined way, so the U.S. doesn’t have to go through another holiday without these beloved brands,” Barry said.
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