“ToysRus” Closing 182 Stores Nationwide

Deerfield-News.com-Deerfield-Beach, Fl-This story is a bit personal as many of us grew up we were Toys R Us Kids.Being from New Jersey where their corporate headquarters are and were first in Paramus and now in Wayne. This too is another story of how Walmart and Amazon are changing the face of American Retailing.

Charles Lazarus the founder and Chairman of the board was an American toy retail giant, My cousin Mike Goldstein was his protegé and would later become the CEO and Chairman of the Board when  Mr.Lazarus retired.

The company has not announced any store closings in Broward or Dad counties.ToysRus has struggled since being taken over by Bain Capital, KKR, and Vornado realty holdings,. The plan was for the private equity firms to take ToysRus public again. That said the Walmart and Amazon effect have dealt the toy retailer,  some serious blows.

Nationwide the company announced it is shuttering 182 of its stores. ToysRus still account for an estimated 20 percent of US toy sales.

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