Toys “R” Us Canada says it’s closing 5 Ontario shops and revamping a number of others as it really works to “optimize” its enterprise.
The toy retailer says the closing areas embrace a retailer in Argyle Mall in London together with its outlets on Steeles Avenue West in Thornhill, Hurontario Road in Mississauga, Marcus Drive in Sudbury and Centennial Parkway North in Stoney Creek.
The corporate didn’t reply questions on what number of jobs will likely be misplaced due to the closures.
On high of shuttering some areas, the model says additionally it is “rationalizing” its stock ranges to make room for different ideas inside its shops.
Some areas will see an expanded, stand-alone footprint for leisure banner HMV, which began showing within the toy retailer final 12 months and can be run by Toys “R” Us proprietor Putman Investments.
Different shops will likely be remodelled to host a Wonderlab, an idea Toys “R” Us Canada has been testing in Burlington, Ont., that features an indoor play construction and house for arts and crafts and sensory actions.
This report by The Canadian Press was first revealed Jan. 2, 2025.
Tara Deschamps, The Canadian Press
