Toys "R" Us Canada

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Toys "R" Us Canada Ltd.
Toys "R" Us Canada
TypeSubsidiary
IndustryRetail
Founded1984; 40 years ago (1984)
HeadquartersConcord (Vaughan), Ontario, Canada
Number of locations
81
Area served
  • Canada
Products
ParentToys "R" Us, Inc (1984-2018)
Fairfax Financial (2018-2021)
Doug Putman (2021-present)
Divisions
  • Babies "R" Us (1996-present)
Websitewww.toysrus.ca

Toys "R" Us Canada Ltd., also known in Canada as Toys "R" Us, is a Canadian chain of toy stores owned by billionaire businessman Doug Putman (who also owns FYE). The Canadian expansion of the American Toys "R" Us began in 1984.[1] The parent company filed for Chapter 11 bankruptcy protection in September 2017, closing all U.S. locations the following March.[2]

The Canadian subsidiary and related trademarks were sold off to Fairfax Financial in June 2018.[3] Currently, Toys "R" Us Canada comprises 81 stores,[1] which continue to operate under the Toys "R" Us name. The company is headquartered in Concord (Vaughan), Ontario.[4]

In 2021, FYE and Sunrise Records (also known as HMV) owner Doug Putman, through his Putman Investments, announced he would buy Toys "R" Us Canada from Fairfax Financial.[5]

Toys "R" Us Canada is a participant in the voluntary Scanner Price Accuracy Code managed by the Retail Council of Canada.[6]

References

  1. ^ a b "Company Info". www.toysrus.ca. Retrieved 2021-06-16.
  2. ^ Bhattarai, Abha (March 14, 2018). "Toys R Us to close all 800 of its U.S. stores". The Washington Post. Retrieved March 14, 2018.
  3. ^ "Toys 'R' Us will live on in Canada". Chain Store Age. Retrieved 2020-02-11.
  4. ^ "Toys R Us Canada Ltd". Bloomberg L.P. Retrieved 2021-06-16.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "Putman Investments to Purchase Toys'R'Us and Babies'R'Us Canada". www.businesswire.com. 2021-08-19. Retrieved 2021-08-21.
  6. ^ Harris, Sophia (28 November 2021). "Attention shoppers: Overcharged for an item at checkout? You might be able to get it for free". CBC News. Retrieved 28 November 2021.