← Previous revisionRevision as of 06:12, 11 October 2026 Line 32: Line 32: In September 2017, Toys "R" Us filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] protection, and closed all U.S. locations in June 2018.{{Cite news |last=Bhattarai |first=Abha |date=March 14, 2018 |title=Toys R Us to close all 800 of its U.S. stores |newspaper=The Washington Post |url=https://www.washingtonpost.com/news/business/wp/2018/03/14/toys-r-us-to-close-all-800-of-its-u-s-stores/ |accessdate=March 14, 2018}} Toys "R" Us pursued a sale of the Canadian division, including the possibility of bundling them with top-performing U.S. stores. The Canadian unit had annual sales of $1.08 billion at the time of the filing, and had to file for protection from its creditors due to the [[Default (finance)|default]] of its U.S.-based businesses.{{Cite web |title='Multiple' suitors line up with offers for Toys 'R' Us Canada |url=https://financialpost.com/news/retail-marketing/multiple-suitors-line-up-with-offers-for-toys-r-us-canada |access-date=2022-11-30 |website=financialpost |language=en-CA}} In September 2017, Toys "R" Us filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] protection, and closed all U.S. locations in June 2018.{{Cite news |last=Bhattarai |first=Abha |date=March 14, 2018 |title=Toys R Us to close all 800 of its U.S. stores |newspaper=The Washington Post |url=https://www.washingtonpost.com/news/business/wp/2018/03/14/toys-r-us-to-close-all-800-of-its-u-s-stores/ |accessdate=March 14, 2018}} Toys "R" Us pursued a sale of the Canadian division, including the possibility of bundling them with top-performing U.S. stores. The Canadian unit had annual sales of $1.08 billion at the time of the filing, and had to file for protection from its creditors due to the [[Default (finance)|default]] of its U.S.-based businesses.{{Cite web |title='Multiple' suitors line up with offers for Toys 'R' Us Canada |url=https://financialpost.com/news/retail-marketing/multiple-suitors-line-up-with-offers-for-toys-r-us-canada |access-date=2022-11-30 |website=financialpost |language=en-CA}} [[File:Toys "R" Us Canada logo (2018).svg|thumb|Logo used from 2018 until 2020]] [[File:Toys "R" Us Canada logo (2018, alternate).svg|thumb|Alternate logo used in Canada from 2018 until 2020 for promos and store signs]] In April 2018, it was announced that [[Fairfax Financial]] would acquire the 82 Toys "R" Us locations in Canada for $300 million, with the stores continuing to use the Toys "R" Us name.{{cite news |last=Reyes |first=Anthony |date=June 29, 2018 |title=No need to grow up, you can still be a "Toys 'R' Us Kid" in Canada |publisher=WKBW |url=https://www.wkbw.com/news/no-need-to-grow-up-you-can-still-be-a-toys-r-us-kid-in-canada |access-date=July 12, 2018}}{{Cite web |title=Fairfax agrees $300 million deal to keep Toys 'R' Us Canada open |url=https://financialpost.com/news/retail-marketing/fairfax-is-said-to-agree-to-purchase-toys-r-us-canadian-unit |access-date=2022-11-30 |website=financialpost |language=en-CA}} A couple of months later, the first Canadian store to close was in [[Richmond Hill, Ontario]]. In 2021, [[Sunrise Records (retailer)|Sunrise Records]] owner [[Doug Putman]], through his Putman Investments, announced he would buy Toys "R" Us Canada (which now comprised 81 locations) from Fairfax Financial.{{Cite web |last=Toneguzzi |first=Mario |date=2021-08-19 |title=Toys R Us Canada Sold to Sunrise Records Owner: Interview with Doug Putman |url=https://retail-insider.com/retail-insider/2021/08/toys-r-us-canada-sold-to-sunrise-records-owner-interview-with-doug-putman/ |access-date=2022-11-30 |website=Retail Insider |language=en-US}} In April 2018, it was announced that [[Fairfax Financial]] would acquire the 82 Toys "R" Us locations in Canada for $300 million, with the stores continuing to use the Toys "R" Us name.{{cite news |last=Reyes |first=Anthony |date=June 29, 2018 |title=No need to grow up, you can still be a "Toys 'R' Us Kid" in Canada |publisher=WKBW |url=https://www.wkbw.com/news/no-need-to-grow-up-you-can-still-be-a-toys-r-us-kid-in-canada |access-date=July 12, 2018}}{{Cite web |title=Fairfax agrees $300 million deal to keep Toys 'R' Us Canada open |url=https://financialpost.com/news/retail-marketing/fairfax-is-said-to-agree-to-purchase-toys-r-us-canadian-unit |access-date=2022-11-30 |website=financialpost |language=en-CA}} A couple of months later, the first Canadian store to close was in [[Richmond Hill, Ontario]]. In 2021, [[Sunrise Records (retailer)|Sunrise Records]] owner [[Doug Putman]], through his Putman Investments, announced he would buy Toys "R" Us Canada (which now comprised 81 locations) from Fairfax Financial.{{Cite web |last=Toneguzzi |first=Mario |date=2021-08-19 |title=Toys R Us Canada Sold to Sunrise Records Owner: Interview with Doug Putman |url=https://retail-insider.com/retail-insider/2021/08/toys-r-us-canada-sold-to-sunrise-records-owner-interview-with-doug-putman/ |access-date=2022-11-30 |website=Retail Insider |language=en-US}} [[File:Toys "R" Us Canada logo (Quebec, 2020).svg|thumb|Logo used for stores in Quebec from 2020 until 2026]] In January 2024, the chain announced that it would revive the [[HMV Canada|HMV]] brand in Canada (which Putman had acquired via Sunrise in 2019){{Cite news |last1=Monaghan |first1=Angela |last2=Butler |first2=Sarah |date=5 February 2019 |title=HMV reveals which 27 stores have closed after sale to Canadian music boss |url=https://www.theguardian.com/business/2019/feb/05/hmv-bought-doug-putman-stores-jobs |access-date=5 February 2019 |work=The Guardian |issn=0261-3077}} as a [[store-within-a-store]] concept at Toys "R" Us Canada locations, stocking music, home video, and memorabilia such as books and clothing. The departments began to launch at selected locations in the Greater Toronto Area, and were expected to be deployed at other locations throughout the year.{{Cite web |date=2024-02-01 |title=HMV making comeback through Toys 'R' Us locations |url=https://www.ctvnews.ca/business/article/hmv-making-comeback-through-toys-r-us-locations/ |access-date=2024-02-01 |website=CTVNews |language=en}} Later in 2024, large quantities of overstock from the failed [[Rooms + Spaces]] chain was moved into Toys "R" Us Canada stores.{{Cite news |date=2024-06-28 |title=After quietly closing stores, Rooms + Spaces merchandise creeps into Toys ‘R’ Us locations |url=https://www.theglobeandmail.com/business/article-after-quietly-closing-stores-rooms-spaces-merchandise-creeping-into/ |access-date=2026-03-28 |work=The Globe and Mail |language=en-CA}} In January 2024, the chain announced that it would revive the [[HMV Canada|HMV]] brand in Canada (which Putman had acquired via Sunrise in 2019){{Cite news |last1=Monaghan |first1=Angela |last2=Butler |first2=Sarah |date=5 February 2019 |title=HMV reveals which 27 stores have closed after sale to Canadian music boss |url=https://www.theguardian.com/business/2019/feb/05/hmv-bought-doug-putman-stores-jobs |access-date=5 February 2019 |work=The Guardian |issn=0261-3077}} as a [[store-within-a-store]] concept at Toys "R" Us Canada locations, stocking music, home video, and memorabilia such as books and clothing. The departments began to launch at selected locations in the Greater Toronto Area, and were expected to be deployed at other locations throughout the year.{{Cite web |date=2024-02-01 |title=HMV making comeback through Toys 'R' Us locations |url=https://www.ctvnews.ca/business/article/hmv-making-comeback-through-toys-r-us-locations/ |access-date=2024-02-01 |website=CTVNews |language=en}} Later in 2024, large quantities of overstock from the failed [[Rooms + Spaces]] chain was moved into Toys "R" Us Canada stores.{{Cite news |date=2024-06-28 |title=After quietly closing stores, Rooms + Spaces merchandise creeps into Toys ‘R’ Us locations |url=https://www.theglobeandmail.com/business/article-after-quietly-closing-stores-rooms-spaces-merchandise-creeping-into/ |access-date=2026-03-28 |work=The Globe and Mail |language=en-CA}}