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Goodbye, Geoffrey: Toys R Us Store closed in Warwick



ANNE D & # 39; INNOCENZIO, AP Retail Writer

A sign posted at the Toys R Us store in Warwick says the store is closed on Friday, June 29, 201

8. (WJAR)

Toys R Us closes its last stores in the US by Friday, the end of a chain that generations of children and parents for its sprawling businesses, the colorful logo and Geoffrey, the mascot of the giraffe, is known.

But many of the children who happily sang the "I do not want to grow up, I'm a toy R Us kid" Jingle grew up in busy parents who found online shopping more convenient. The company, which included the Babies R Us chain, was hit by $ 5 billion following a leveraged buyout that made it unable to invest and keep pace.

A sign posted on the Warwick store on Friday said: "STORE CLOSED Thank you very much from your Warwick Toys R Us Team" with a frown on Emoji.

When the last stores in the US close, more than 30,000 workers will be looking for work. The problems of Toys R Us have also shaken up some big toy manufacturers like Mattel and Hasbro.

Customers who were still devoted are going to look elsewhere to shop. Retailers like Walmart and Target are expanding their pitches to fill the hole, while Party City is opening 50 pop-up toy stores this fall.

Toys R Us filed the reorganization of Chapter 11 last fall, promising to remain open for bad sales during the critical holiday season when customers and suppliers shied away. In January, it announced plans to close about 180 stores, but in March it was said it would liquidate the rest of the more than 700 stores.

Will the Toys R Us names and mascots disappear forever? An auction for the company name, baby shower register and various brands is scheduled for the end of July. The 16-foot statue of Geoffrey the Giraffe, which welcomed visitors to the Toys R Us headquarters in Wayne, New Jersey, is being moved to a children's hospital in the state.

Many longtime employees had hoped to retire in one place

"I'll never have a job like Toys R Us," said longtime employee Patty Van Fossan, 54, from Boardroom, Ohio, who joined a group of Workers involved in protests in New York are fighting for severance pay, which they believe are owed. "It was the best job I had, I was surrounded by kids."


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