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Toys R Us will close its last store in the USA. this Friday, which means the end of a chain of toy stores known by generations of children and their parents for its many branches, the colorful logo and its mascot: the Geoffrey giraffe.
But many children happily sang the song, they became busy parents who found online shopping more convenient.
The company, which also owned Babies R Us, was hit by a $ 5 billion debt in a debt buyback that left it behind. unable to invest and continue.
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By closing the last store in the United States United, more than 30,000 employees will look for work.
Toys R Us problems have also come to some big toy manufacturers, like Mattel and Hasbro
Customers who remain loyal to brands will have to look elsewhere.
Stores like Walmart and Target will expand their toy shelves to fill the void, while Party City Toy Store will open 50 temporary stores in the coming months.
Toys R Us applied for a restructuring under the Bankruptcy Act and promised to remain open, but its sales were deficient during the crucial Christmas holidays.
In January, he announced his intention to close some 180 stores, but in March he announced that he would liquidate the rest of his more than 700 branches.
Will the name Toys R Us and the mascot disappear forever? An auction for the company name, its registration for baby shower and several trademarks will take place at the end of July.
The five-foot (16-foot) statue of Giraffe Geoffrey, who received the visitors from the Toys R Us headquarters in Wayne, NJ, will be transferred to a public children's hospital.
Many year – old employees are waiting to retire. "I will never have a job like Toys R Us," said employee Patty Van Fossan, 54, of Boardroom, Ohio, who was attending labor protests in New York to claim severance pay. They must …
"It was just the best job I had … I was surrounded by children."
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