WAYNE, N.J., Sept. 18, 2017 /PRNewswire/ -- Toys"R"Us, Inc. today affirmed that the Company's approximately 1,600 Toys"R"Us and Babies"R"Us stores and e-commerce sites around the world are open for business and are continuing to offer customers great service and a curated assortment of merchandise in the toy and baby categories.
Toys"R"Us, Inc. and certain of its subsidiaries are implementing a court-supervised process in the United States and Canada that will allow the Company to restructure its finances while continuing normal business operations. The Company's operations outside of the U.S. and Canada, including its operations in Europe and Australia and its approximately 255 licensed stores and joint venture partnership in Asia, which are separate entities, are not part of the Chapter 11 filing and CCAA proceedings.
The Company expects this process will enable it to restructure its outstanding debt, which will provide greater financial flexibility to invest in the continued growth of the Company and build on its position as the best toy and baby retailer in the world.
"We are confident that we are taking the right steps to ensure that the iconic Toys"R"Us and Babies"R"Us brands live on for many generations," said Dave Brandon, Chairman and Chief Executive Officer. "Our customers around the world can continue to count on an outstanding shopping experience and excellent service whenever, wherever and however they choose to shop with us. As the holiday season approaches, our global team members are ready to serve the millions of kids and families who will be shopping with us."
Toys"R"Us is committed to working with its vendors around the world to help ensure that inventory levels are maintained and products continue to be delivered in a timely fashion. Additional information can be accessed by visiting the Company's restructuring website at www.toysrusinc.com/restructuring or calling the Company's Information Hotline, toll-free, at the following numbers internationally:
- Germany: 0800-182-9016
- UK: 800: 0-800-014-8914
- Spain Mobile Enabled: 900-984918
- Portugal Mobile Enabled: 800-180-778
- France: 805: 0805-080337
- Poland: 0-0-800-141-0322
- Australia 1300: 1-300-009-390
- Austria Mobile Enabled: 0800-802290
- Switzerland Mobile Enabled: 0800-562-556
- China: 400-120-4011
About Toys"R"Us, Inc.
Toys"R"Us, Inc. is the world's leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 885 Toys"R"Us and Babies"R"Us stores in the United States, Puerto Rico and Guam, and in more than 810 international stores and over 255 licensed stores in 38 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys"R"Us, Inc. is headquartered in Wayne, NJ, and has nearly 65,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Over the past three decades, the Company has given more than $100 million in product donations to children's charities. Since 1992, the Toys"R"Us Children's Fund, a public charity affiliated with Toys"R"Us, Inc., has also donated more than $130 million in grants. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter.
For more information please contact:
Amy von Walter, Executive Vice President, Global Communications & Customer Care at 1-201-815-9512 or [email protected]
Michael Freitag / Meaghan Repko
Joele Frank, Wilkinson Brimmer Katcher
SOURCE Toys“R”Us, Inc.