There's a Toys "R" Us Revival in the Works!
In only a matter of days Toys "R" locations all over the country are going to close down, but... it may not be forever! It looks like there's a Toys "R" Us revival in the works!
According to Bloomberg, former Toys "R" Us chief executive officer Jerry Storch has been, "working with multiple investors on a plan to reboot the retailer in the U.S., according to people familiar with the situation, who asked not to be identified because the talks are private."
Apparently, Storch is also bringing back other former Toys "R" Us executives as well to help with bringing the stores back, and that they are already talking to landlords about lease spaces to set up shop.
The report goes on to say his plan "centers on having several hundred stores that house both toy and baby brands under one roof."
It's going to be really interesting to see how this shakes out. It would be awesome if Toys "R" Us could be saved and it looks like Storch is doing everything he can to do that. There's no word on when Toys "R" Us could make their triumphant return, but hopefully, Storch is able to eventually make it happen.