Toys “R” Us promises business as usual

Largest toy retailer in Canada files for bankruptcy protection, Wholesale Sports Langley is closing

Toys “R” Us Langley promises it is business as usual after the nation’s largest toy and baby products retailer filed for bankruptcy protection.

The company is also extending the successful customer-centric store format that opened in Langley in July to a new store in Ontario this November.

Toys”R”Us Canada Ltd. announced last week that after voluntarily filing for Chapter 11 protection in the U.S., the company has also commenced a parallel voluntary reorganization proceeding under the Companies’ Creditors Arrangement Act in the Ontario Superior Court.

Toys”R”Us continues to operate its business in the ordinary course in terms of its customers, team members, vendors and partners.

“The restructuring is intended to facilitate the continued success of our iconic brands; building a stronger company for our customers, business partners and team members,” said Melanie Teed-Murch, President of Toys”R”Us and Babies”R”Us Canada.

The company wants to assure all its customers and stakeholders that through this process its 82 stores across every province and e-commerce sites toysrus.ca and babiesrus.ca are open for business.

“We have financing commitments to ensure normal operations throughout the CCAA proceedings,” said Teed-Murch. All gift cards, warranties and returns will continue to be honoured as normal as will all other customer programs including the Baby Registry, “R” Club™ loyalty and wishlist program and the company’s philanthropic commitment to communities across Canada. This includes its charity partnership with Starlight Children’s Foundation. On Monday, the Langley toy store held a three-minute shopping spree for a young cancer survivor in conjunction with Starlight Children’s Foundation.

SEE STORY AND VIDEO HERE

As Toys “R” Us Canada continues to position itself for the future, the company is also extending the successful customer-centric store format that opened in Langley, in July 2017 to a new store in South Barrie, Ont. that will open in November 2017. This format includes dedicated play areas, interactive stations for kids and a new standout customer service option with mobile pay and Wi-Fi extended to the parking lot for curbside pick-up.

People lined up to be the first into the relocated Toys “R” Us in July. The toy store moved from the northwest corner of Willowbrook Shopping Centre to the empty storefront where Target was once located.

“We are confident that this process will enable us to leverage Toys”R”Us’ existing strengths to succeed,” continued Teed-Murch.

WHOLESALE SPORTS TO CLOSE

Wholesale Sports is closing out, making it one of 12 locations shuttering across Western Canada.

Wholesale Sports Canada Ltd. , a wholly-owned subsidiary of United Farmers of Alberta Co-operative Ltd. announced its wind down and eventual closure last week.

Closing sales have already begun at the Langley location at 20178 Langley Bypass. The inventory liquidation sales began last week and will be managed through Gordon Brothers, an industry-leading inventory asset management specialist.

“This was an all-inclusive business decision that, while difficult, was made in the best interest of UFA on behalf of our members,” said Carol Kitchen, UFA President and Chief Executive Officer.

“There were numerous external factors that led to this decision including an increasingly competitive environment, the continued shift to on-line purchases and an overall slowing of consumer discretionary spending as a whole, including the outdoor industry. The orderly wind down of Wholesale Sports will allow UFA to focus on its core business of agriculture and petroleum,” said Kitchen.

Official sales will continue until Dec. 28. No new online purchases will be processed as the Wholesale Sports website becomes a static webpage that only offers customers information on the sales event. All current open on-line orders will be fulfilled, said the company.

 

Just Posted

Centenarian and then some: Dorscie Paterson set to turn 105

Longtime Langley resident continues to advocate passionately for hospice care in community

VIDEO: Double-decker bus pilot in Langley gets rave reviews

The ceiling is a little low, but other than that, everyone seems to be a fan

Emaciated dog brought to Surrey shelter now healthy and up for adoption

Eclipse came into the Surrey Resource Animal Shelter last summer in skeletal, calloused condition

Township of Langley ranked No 1 ‘least tempting’ for millennials to live

Out of 85 cities, Township ranked lowest because of crime, affordability, says Point2homes.com

UFV Cascades baseball coach joins Los Angeles Dodger organization

Former Chicago Cub farmhand Wes Darvill is back in affiliated baseball.

UPDATED: SUV fire at Langley mall (with video)

Firefighters respond to Fraser Highway incident

B.C. out of the running for Amazon’s next headquarters

Toronto is the only Canadian city left in the running despite the province backing Metro Vancouver’s bid for new Amazon headquarters

B.C. hockey player nominated for Hobey Baker Award

Myles Powell is a forward at Rochester Institute of Technology

Post interest rate hike debt tips

What to do about your debt and mortgages after the interest rate hike

Foreign workers sleeping in Alberta Burger King basement

Alberta Health Services said its inspectors found foreign workers sleeping in the basement of the Lethbridge restaurant

Court application halts release of bread price-fixing documents

Bread price-fixing documents won’t be unsealed Thursday, Loblaw says

Bad behavour to lead to expulsion at Abbotsford council

New rules lay out how a member can be booted from a meeting

Pharrell and N.E.R.D to headline NBA All-Star halftime show

11-time Grammy winner Pharrell and his hip hop-rock band N.E.R.D. will headline the halftime show at the 2018 NBA All-Star game in Los Angeles

Heritage Minister wants zero tolerance for harassment in entertainment industry

Heritage Minister Melanie Joly had two meetings to discuss harassment in the film, TV and theatre worlds

Most Read