New spaces will be built out in more than four hundred of the 512 Macy’s department store locations across the country to make way for updated Toys “R” Us outlets.
The children’s clothing and toy store chain, which once had more than 800 locations, entered into bankruptcy proceedings in the fall of 2017, before closing all of its outlets in the U.S. the following summer.
Despite that end of an era that started in 1948 when the company’s first store was opened, Toys “R” Us in the last three years has operated as Tru Kids, a brand purchased by the New York-based company WHP Global.
In a statement, Yehuda Shmidman, chief executive officer of WHP Global, said the new Toys “R” Us/Macy’s locations will change the retail landscape by “combining two beloved retail brands together for consumers across the nation in a completely innovative way.”
Exactly which Macy’s stores will house the new Toys “R” Us spaces, and how much square footage they will take up, is expected to be announced later this fall.
But in a joint statement released by Macy’s and WHP Global, it was stated that new Toys “R” Us stores will be up and running sometime next year.
By Garry Boulard
