Retail news is buzzing this morning with word that Toys "R" Us ($PRIVATE:PRIV_TOYSRUS) is finally revealing its resurrection plans.
In a press release this morning, a new company called "Tru Kids" will begin operations of Toys "R" Us, Babies "R" Us, Geoffrey, and several other retail brands.
But don't head out the door to your favorite Toys "R" Us location to browse the LEGO aisle just yet. The new brand will only open 70 stores, and they'll be in Asia, India, and Europe. Meanwhile, a new e-commerce platform will handle sales to other markets, most notably North America.
In short, the several-thousand United States Toys "R" Us locations that were closed over the past few years will remain closed.
It's unclear if the company will eventually re-open stores in the United States. But there is some hope: a number of the now-vacant locations remain available for lease from REITs like Brixmor Property Group and CBL & Associates.
This 32,500 square-foot spot in Altoona, PA, for instance, remains available:
Others, however, have already been converted to other outlets, such as this large CBL Properties' 50,000 square-foot space at Jefferson Mall in Louisville, KY:
That all said, several of the ex-Toys "R" Us spaces remain available for lease. While REITs are clearly marketing them and opening them up to other new tenants, there is space available, and the signs and aisle furniture just may still be intact.
|
Entity Name |
Tenant Name |
Name (Stores) |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Belconnen |
|
Brixmor Property Group |
Toys \"R\" Us |
Mansell Crossing |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Miranda |
|
Brixmor Property Group |
Toys \"R\" Us |
Grand Traverse Crossing |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Tea Tree Plaza |
|
Brixmor Property Group |
Toys \"R\" Us |
Arborland Center |
|
Simon Property Group |
Toys \"R\" Us |
Newport Centre |
|
Simon Property Group |
Toys \"R\" Us |
Sawgrass Mills® |
|
Simon Property Group |
Toys \"R\" Us |
Columbia Center |
|
Brixmor Property Group |
Toys \"R\" Us |
Florence Square - Florence Plaza |
|
Simon Property Group |
Toys \"R\" Us |
The Empire Mall |
|
Simon Property Group |
Toys \"R\" Us |
Northshore Mall |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Hornsby |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Doncaster |
|
Peterson Companies |
Toys \"R\" Us |
Fair Lakes Center |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Fountain Gate |
|
Brixmor Property Group |
Toys \"R\" Us |
The Commons at Wolfcreek |
|
Brixmor Property Group |
Toys \"R\" Us |
North Dover Center |
|
LBG Real Estate |
Toys \"R\" Us |
Portage Plaza |
|
Simon Property Group |
Toys \"R\" Us |
Arizona Mills® |
|
Brixmor Property Group |
Toys \"R\" Us |
Park Hills Plaza |
|
Urban Edge |
Toys \"R\" Us |
Hudson Mall |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Garden City |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Parramatta |
|
Urban Edge |
Toys \"R\" Us |
Queens (Rego Center) |
|
Westfield Shopping Centres - Scentre Group |
Toys \"R\" Us |
Westfield Knox |