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Toys 'R' Us CEO sees future with smaller shops

The chain will integrate its online and in-store shopping experiences; adding better technology, customer service

Published Thu, Sep 21, 2017 · 09:50 PM
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New York

TOYS "R" Us Inc will shrink its stores and revamp its bigger outlets through its bankruptcy process, which may end with the company's return to the public markets, chief executive David Brandon said on Wednesday.

Toys "R" Us, the largest speciality US toy seller, filed for bankruptcy on Monday after some of its vendors stopped shipping to them. They were concerned that the company would not pay them because of its financial distress, but those worries were put to rest once Toys "R" Us secured bankruptcy financing on Tuesday.

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