Toys “R” Bust: A Growing List of Fallen Toy retailers

Toys “R” Us continues to demonstrate that memories with a corporate entity can strike a chord with generations of children and adults alike. Whether or not toys were your thing, Toys “R” Us, at its peak, was one of the country’s biggest toy retailers.

All this #ToysRUs bankruptcy news has me remembering how magical it felt to buy a game when i was a kid. pic.twitter.com/UxJ2H1PumR

— Jeff Delgado (@Jeff_Delgado) September 19, 2017

First they take our blockbuster…
Now they take our Toys R’ Us…
Truly this is the worst timeline… pic.twitter.com/zKuPG2jAbw

— Rick Lyons (@MymanRick) September 19, 2017

With more than 30,000 employees losing their jobs at Toys “R” Us, the shutdown of hundreds of stores has created not just a heartbreak for shoppers, but many who have worked in the retailer for years.

The saddest part about my lunchtime trip to the local Toys R Us is the “please don’t be a jerk to our sad employees” sign that management felt they had to post at the store’s entrance. pic.twitter.com/QLsjiyaRJx

— Phil Theobald (@WhimsicalPhil) March 26, 2018

There are a number of factors and history that led to the demise of Toys “R” Us, but the why of the matter is enough to warrant its own story. For the time being, let’s take a look at how a number of other toy retailers have met a similar fate.

Death of KB Toys: Toys “R” Us Competition and Purchase

Once a candy store in the early 1940’s, KB Toys rivaled Toys “R” Us in an expansion, with many of their toy retailers located in a majority of U.S. outlet malls. Company troubles arose after KB Toys closed more than a hundred stores in late 2007.

They would eventually face bankruptcy and close down the rest of their stores. The KB Toys brand would later be purchased by (ironically enough) Toys “R” Us. However, Toys “R” Us would later allow the KB Toys registration to lapse.

Like Rocky Balboa, KB Toys is planning a comeback into the big leagues, as they prepare to bring pop-up stores before Christmas 2018.

Zany Brainy: An Ambitious Retailer of Educational Toys

Founded in 1991, Zany Brainy always felt more than just another place to get toys like beanie babies and legos. They also provided a huge selection of educational toys that were non-violent, safe, and gender-neutral.

One of the biggest draws that set it apart from other toy retailers were the daily events that would range from concerts and author appearances to workshops that all children could participate in. Financial woes would hit Zany Brainy in 2001, with its assets sold to Right Start. All their stores would close down by 2003.

On a positive note, founders of Zany Brainy would eventually bring forth the still-standing retail chain, Five Below.

FAO Schwarz Crippling Tumble: Your Grandpa’s Toy Retailer

Founded in 1862, FAO Schwarz is considered the U.S.’ oldest toy store. It has mostly been known for its tourist flagship location in New York. Its popularity would spawn several stores all over the country, and caught the eye of Toys “R” Us.

New year, same friends ❤ https://t.co/Q71NU7ek2S pic.twitter.com/YkR7CbV4Ww

— FAO Schwarz (@FAOSchwarz) January 4, 2018

After purchasing FAO Schwarz in 2009, Toys “R” Us used the acquired brand by implementing permanent FAO Schwarz boutiques in a number of their own retailers. Of course, the good times would not last long, as Toys “R” Us’ own financial troubles would force a shut down of all FAO Schwarz toy retailers. Even its iconic New York location closed its doors in 2015.

Hooray for a new year! ?? https://t.co/jGNQhyiMy6

Thanks for all the FAO love in 2017. We’ve got some special surprises up our sleeve for 2018! Next year is going to be BIG….#ReturnToWonder #FAO #FAOSchwarz #hello2018 pic.twitter.com/3GU6uy9RkP

— FAO Schwarz (@FAOSchwarz) January 1, 2018

This was rather short-lived, as FAO Schwarz made yet another comeback last year after being acquired by another company.

Toys “R” Us: The Long Graveyard of Major Toy Retailers

A loss of childhood experiences, jobs, and toys are just some of the effects that came with the closures of these toy retailers. But is it necessarily all bad? According to some locally owned toy store owners, it may bring more growth to them.

Toys “R” Us held almost 15 percent of toy market sales, but locally owned stores have been experiencing increasing sales since the company plummeted into bankruptcy. “We’re looking more at the long-term,” said toy shop owner, Brice Elvington, to CNN, “And there is huge market share up for grabs with Toys ‘R’ Us closing.”