A well-known chain store is set to close additional locations in Ontario.
At least two more Toys “R” Us stores in Ontario are expected to shut down, according to several news outlets.
Court documents reveal that the Toys “R” Us at Upper Canada Mall in Newmarket will close by March 31.
The retailer also intends to close the Niagara Pen Centre store in St. Catharines, pending court approval.
The company has indicated that more closures are likely as it aims to shut down a “sub-set of underperforming” stores and sell off their inventory.
Currently, there are 22 Toys “R” Us locations remaining in Canada, as per recent court filings.
The upcoming closures add to a long list of shutdowns in Ontario.
Stores in Oakville and Burlington closed back in April 2025. Additional closures occurred in Mississauga, Thornhill, Sudbury, and Stoney Creek during 2025 as well.
Toys “R” Us Canada entered creditor protection early February 2026, working with Alvarez & Marsal Canada; the St. Catharines and Newmarket stores are among the first specifically mentioned locations.
The company cited rising inflation, increased labor costs, and a shift towards e-commerce as reasons for these actions.
Unredeemed gift cards worth $36 million have caused issues with the store’s finances, leading the company to request that the court impose a deadline for their use.
A former American-based business dating back to 1948, Toys “R” Us has been operating within Canada since 1984 and was once seen as the largest specialty retailer for toys and baby products across the country.
With files from Steve Pecar
Lead photo: 3steph14
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The upcoming closures add to a long list of shutdowns in Ontario.
Stores in Oakville and Burlington closed back in April 2025. Additional closures occurred in Mississauga, Thornhill, Sudbury, and Stoney Creek during 2025 as well.
Toys “R” Us Canada entered creditor protection early February 2026, working with Alvarez & Marsal Canada; the St. Catharines and Newmarket stores are among the first specifically mentioned locations.
The company cited rising inflation, increased labor costs, and a shift towards e-commerce as reasons for these actions.
Unredeemed gift cards worth $36 million have caused issues with the store’s finances, leading the company to request that the court impose a deadline for their use.
A former American-based business dating back to 1948, Toys “R” Us has been operating within Canada since 1984 and was once seen as the largest specialty retailer for toys and baby products across the country.
With files from Steve Pecar
Lead photo: 3steph14
INsauga’s Editorial Standards and Policies
Last 30 Days: 34,951 Votes
All Time: 1,267,814 Votes
3544 VOTES
Source link
