SweatyNomad t1_j28wvt6 wrote on December 30, 2022 at 2:31 PM

Reply to comment by ryan2849 in Toys R Us is still going strong in South Korea by 2DollarBurrito

Is it the same business making a comeback, or a more complex story? Some of the world has Woolworths but they were standalone, often different kinds of business in different countries, Nokia came back via licensing the name.

ryan2849 t1_j28ybb8 wrote on December 30, 2022 at 2:42 PM

As far as I'm aware, they are different. Toys R Us was acquired by Tru Kids in 2019 after filing for bankruptcy. As a lot of stores shut down, not every one did. There were a few operational locations and even a few were newly opened (and failed because of COVID).

Then, they agreed to a partnership with Macy's to open in their brick and mortar locations as Macy's will do the fulfillment. Toys R Us is licensed property and not a merchant anymore.