Geoffrey the entrepreneurial giraffe will soon be just another memory from your childhood. Toys 'R' Us will close or sell all 800 of its stores in the US, according to reports and a letter sent to employees.
The news has sent countless children of the 80s and 90s into wistful rounds of the "I'm a Toys 'R' Us kid" jingle. Around for over half a century, Toys 'R' Us was the hub for every toy a kid could dream of. At least, that was the case until big box stores started to provide stiff competition. And then it was Amazon and other online retailers that further elbowed out Toys 'R' Us.
The store filed for bankruptcy in September, hoping it could turn things around. However, the store's situation didn't change and in January, the retailer announced it would close 182 stores in the US. But the closures now aren't just limited to the US, though it does include all US locations. The company announced earlier Wednesday that it would be closing all of its stores in the UK as well.