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Toys R Us still lives in Canada. She’s practically just as you remember her. And she’s happy. 🥲
2 of the 4 stores in Ottawa just closed and a 3rd one is going to soon. I don’t think Toys R Us is doing that well.
If 1 is profitable and 3 aren’t and it’s a matter of geography, that’s a sound business decision.
What kind of a sane business model would benefit from holding onto (and paying taxes on) property/assets that aren’t profitable? 🧐
Yeah, that’s kind of my point. 3 of 4 stores in Ottawa aren’t profitable is probably an indicator that Toys R Us (at least in Ottawa) isn’t doing that well.
Do we really need 4 physical stores in Ottawa, though? I mean yea it’s sprawled to shit but still. Looks like the Merivale is still going and it’s at least pretty central. There are plenty of other toy stores around as well, so the concept of physical locations, at least, is still cruising.
Merivale is the one that will probably close soon. A few months ago, they sold the property and put the “store closing” signs up, but took them down when the sale fell through. I assume it will close again when they sell the property again.
The only one that I believe hasn’t closed or tried to close is the St. Laurent one. Even the one in Gatineau apparently had closing signs, but I don’t know if they actually closed or not yet.
