As Toys "R" Us Closes For Good, Workers Campaign For Severance

Johnpiere's most recent post she showed employees finishing up their tasks at the store which is covered in neon sale signs before locking the doors for the last time

A photo of Geoffrey the Giraffe leaving Toys R Us for the last time is truly heartbreaking.

After years of struggling to get out from under the weight of those increasing pressures, Toys R Us - the biggest toy retailer in the United States - filed for bankruptcy in September 2017.

At the Toys R Us location in Raleigh, North Carolina, a mysterious person bought the store's last remaining toys to donate to local children, CBS 17 reported. Storch came to the company when it was in the midst of a debt-laden privatization deal in 2005, and left it in 2013, with $1 billion in revenue (pre-tax).

The company announced earlier this year that all stores would close and had been slashing prices leading up to the final closing.

So, it would seem those discussions have progressed far enough for Toys "R" Us to some hope to fans through that initial post.

Be sure to read how we think Toys R Us has helped define our childhoods throughout its long run.

In a dire retail landscape, more than 8,000 USA shops closed in 2017, roughly double the average annual store closures in the previous decade, according to data from the International Council of Shopping Centers.

Retailers like Walmart and Target are expanding their toy aisles to fill the hole as customers look for new places to shop. An auction for the company's name, baby shower registry and other trademarks is set for late July, so it's possible that Geoffrey could have an encore career. "They likely went through the Raleigh liquidator", the employee said. "I was surrounded by children".

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