End of an era: Toys 'R' Us stores close for good

30 June, 2018, 15:55 | Author: Teresa Adams
  • The bankrupt toy company announced that it would be shutting down all US locations in March

As the last of the Toys "R" Us stores readied for final closure this week, workers including store managers with the company for decades decried their plight.

The famed toy emporium filed for bankruptcy last fall and announced it would be shutting down all locations across America in March.

A heartbreaking photo of the beloved character standing amidst empty shelves with a bright green roller bag has gone viral on social media as former Toys "R" Us kids - majority now adults - mourn the demise of the toy kingdom.

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Earlier this year in March, the company announced it will close all remaining 700 stores in the USA after filing for Chapter 11 bankruptcy in September last year and struggling to find a buyer.

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

"I'm never going to have a job like Toys R Us", long-time store employee Patty Van Fossan, 54, from Boardroom, Ohio, told Honolulu Star Advertiser.

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Toys R Us, which also owned the Babies R Us chain, was hobbled by $5 billion in debt as busy parents found shopping online more convenient. This graduate school of pro wrestling is home to people who will be lighting up marquees for years to come, but now the doors are open to another person in need of a home. "I was surrounded by children".

The iconic giraffe is not the only one disappointed by an early retirement from Toys R Us, as thousands of (human) employees have also been laid off in the wake of the store's closing.

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

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