Retail experts say Rooms + Spaces’ retrenchment from stand-alone locations to its appearance at Toys ‘R’ Us is the likely product of shifting consumer habits
Only a few steps into a Toys “R” Us store just north of Toronto, it’s obvious something is up at the childhood mecca.
“The retail landscape in general is struggling. Consumers either have less money or they’re just spending less so that’s an issue,” said Joanne McNeish, an associate professor at Toronto Metropolitan University specializing in marketing. Owner Doug Putman, whose steel worker father Bob started Everest Toys in the 1990s, purchased Sunrise Records in 2014, HMV in 2019 and Toys “R” Us Canada in 2021.
Many of those stores appear to have opened, but in the months since, Rooms + Spaces has only retracted. Customers report frequent emails offering significant markdowns and social media is rife with chatter about stores that disappeared within months.
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