Toys R Us originally said that all stores in the U.K. will be shut down. Unfortunately, the bad news got way worse.
According to NBC:
Toys R Us is headed toward shuttering its U.S. operations, jeopardizing the jobs of some 30,000 employees while spelling the end for a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot.
The closing of the company’s 740 U.S. stores over the coming months will finalize the downfall of the chain that succumbed to heavy debt and relentless trends that undercut its business, from online shopping to mobile games.
Sadly, kids born recently will never know what it’s like to be a Toys R Us Kid. 🙁