Earlier this year, Toys R Us and Babies R Us closed over 800 locations after filing for bankruptcy. Now there is a new plan to bring the store back!
The debtors who own the rights to Toys "R" Us brand filed in federal bankruptcy court on Monday a motion to postpone a planned auction of the retailer's remaining assets.
The group said in the three-page document that it is developing a new operating plan to fill the void left by Toys "R" Us' departure from the retail space in the summer.
The retailer's debtors said it is developing a plan which "contemplates a new, operating Toys “R” Us and Babies “R” Us branding company that maintains existing global license agreements and can invest in and create new, domestic, retail operating businesses under the Toys “R” Us and Babies “R” Us names, as well as expand its international presence and further develop its private brands business."
Despite the difficulties of relaunching Toys "R" Us, the retailer said it has received a number of bids for its intellectual property.
Do you think it's worth the company's time to bring the stores back?