Toys “R” Us is closing its only two stores roughly a year after a highly anticipated relaunch of the storied brand.
Tru Kids Inc., which bought the retailer in a 2018 liquidation sale, confirmed that its two locations in New Jersey and Texas that opened in late 2019 have permanently closed because of the pandemic.
“As a result of COVID-19, we made the strategic decision to pivot our store strategy to new locations and platforms that have better traffic,” a Tru Kids spokesperson told CNN Business.
They added that demand for the brand “remains s…
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