Toys 'R' Us Canada Closes Five Stores

Toys "R" Us Canada is closing five Ontario stores as part of its business optimization strategy. The affected locations are in London (Argyle Mall), Thornhill (Steeles Avenue West), Mississauga (Hurontario Street), Sudbury (Marcus Drive), and Stoney Creek (Centennial Parkway North). The company has not disclosed the number of jobs impacted by these closures.

In addition to the closures, Toys "R" Us Canada is revamping several existing stores. Some locations will feature expanded, standalone HMV sections, a brand also owned by Toys "R" Us Canada's parent company, Putman Investments. Other stores will be remodeled to include Wonderlab areas, which offer indoor play structures and spaces for arts and crafts.

These strategic changes reflect broader trends in the Canadian retail sector, where companies are adapting to shifting consumer preferences and the growing importance of experiential shopping. The closures and store revamps may lead to job losses in the affected areas, contributing to the ongoing challenges in the Canadian job market.

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Tara Deschamps’s original article, “Toys "R" Us Canada closing five stores, expand HMY and add play spaces to some shops” was published in MSN News on January 2, 2025. Read the Full MSN News story.