WATCH: Bankrupt Toys R’ Us weighs shuttering more than 100 stores
After filing for bankruptcy in early September, former toy giant Toys R’ Us is reportedly considering closing at least 100 stores. Based out of Wayne, New Jersey, the company operates 879 stores nation wide as of January, 2017. Insider sources report that holiday sales have plummeted up to 15% from last year and Toys R’ Us is consequently considering the closure of up to 200 stores. Though spokespeople for Toys R’ Us downplayed the rumors, major toy suppliers Mattel and Hasbro saw session lows just this week. With brick and mortar retailers all over sweating the rise of online shopping, Toys R’ Us is looking to reduce its store space and refocus on smaller and digital operations.
Latest
Super Bowl LVII Ad Spots Sold Out. Why Did It Take So Long This Year?
Patrick Rishe, Host of “Suite Talk: The Business Behind Sports“, takes a look at the 2023 Super Bowl ad trends. An uncertain economy is one of the biggest factors as to why it took companies so long to buy out the ad spaces for this year’s Super Bowl. Not to mention we have seen nothing […]
Thoughts About Pro AV’s Path Forward in ’23
Can we take a second and acknowledge how impactful Gina Sansivero and Brandy Alvarado-Miranda are for our industry? … I had a chance to sit down with BOTH of them to break down some of the hottest trends from ISE this year, but also to dive deeper into the conversations and challenges that are […]
How Have Home Intelligence and Automated Shading Solutions Improved Home Energy Efficiency and Comfort?
On today’s episode of the Draper at Home podcast, host Michelle Dawn Mooney, speaks with Scotty Allen, the Chief Operating Officer of Josh.ai, Maryellen Oswald, Custom Integration & Partnerships Channel Manager, Somfy USA, and Tyson McDonald, Director of Business Development, Motorized Solar Solutions for Draper, Inc., to talk about how the effect of home intelligence […]
