Toys 'R' Us Canada is closing five Ontario locations and revamping several others as part of a business optimization strategy. The closures will impact stores in London, Thornhill, Mississauga, Sudbury, and Stoney Creek. The company plans to introduce new concepts like HMV entertainment sections and Wonderlabs in select stores.
Toys 'R' Us Canada says it is closing five Ontario stores and revamping several others as it works to 'optimize' its business. The toy retailer says the closing locations include a store in Argyle Mall in London along with its shops on Steeles Avenue West in Thornhill, Hurontario Street in Mississauga, Marcus Drive in Sudbury and Centennial Parkway North in Stoney Creek. The company did not answer questions about how many jobs will be lost because of the closures.
Toys 'R' Us operates 81 locations across Canada, according to its website. On top of shuttering some of those locations, the brand says it is also 'rationalizing' its inventory levels to make room for other concepts within its stores. Some locations will see an expanded, stand-alone footprint for entertainment banner HMV, which started appearing in the toy store last year and is also run by Toys 'R' Us owner Putman Investments. Other stores will be remodelled to host a Wonderlab, a concept Toys 'R' Us Canada has been testing in Burlington, Ont., that includes an indoor play structure and space for arts and crafts and sensory activities
TOYS 'R' US CANADA STORE CLOSURES BUSINESS OPTIMIZATION RETAIL HMV WONDERLAB
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