Toys’r’us near extinction in the United States and the United Kingdom, 35 000 employees threatened

It is the end of one of the icons of the consumption years of the baby boom. The sign american of toys toys’r’us has announced, Wednesday, march 14, that it would very probably have to close all its stores in the United States and the United Kingdom, or seven cents in the first country, and a hundred in the second. Nearly 35,000 jobs are at stake. The CEO, David Brandon, has informed its employees at the company’s headquarters, in Wayne, New Jersey. It is one of the largest shipwrecks in the retail trade in u.s., since The Sports Authority, which employed 14 500 employees and has closed in 2016, its 460 stores sport.

Also read :

Toys’r’us provides that there shall be no dismissal or closure of stores in France

The multinational of the toy, which has some 800 stores outside of the United States, is expected to liquidate its activities in Spain, Poland and Austria, and sell its stores in Australia, Asia and central Europe. In France, where the brand has 53 stores (5 of which are small formats) and employs 1 300 employees, toysrus, studying ” the measures to be put in place in order to preserve the continuity of activity “, explains the World John Charreteur, director-general of the French subsidiary. According to the american press, the company attempts to find a buyer to save the 82 stores in Canada, and form an entity that would take over 200 shops american the most cost-effective and would keep the brand alive. Nothing is concluded for the moment.

Like this post? Please share to your friends:
Leave a Reply