Toys R Us is leaving Japan after 35 years in the country
U.S. born chain has soldiered on for nearly a decade after the closing of stores in America. Every now and then, U.S. companies that set up stores in Japan become so successful that they outlive their home-country selves. Mister Donut and convenience store Lawson, for example, both began in the States but have now been […]
U.S.-originated Toys R Us has operated in Japan for nearly 35 years, ending its 35-year stint in the country. Once thriving, the retailer now joins a list of U.S. brands that have outgrown their Japanese presence, such as Mister Donut and Lawson. Toys R Us Japan recently announced its departure, citing declining sales and the rise of online shopping as primary reasons.
Despite a recent sales increase, Japan's falling birthrate and the growing popularity of online shopping mean fewer customers visit traditional brick-and-mortar stores like Toys R Us, which primarily targets younger children. Additionally, online retailers like Yodobashi Camera and Bic Camera, with their broader product lines and central locations, pose a competitive threat to Toys R Us.
With 150 stores and 6,000 employees, the decision marks a significant end to the brand's presence in Japan. However, the physical assets and staff will be acquired by Pan Pacific International Holdings, which owns discount retailer Don Quijote.
Written by urgent.news from SoraNews24's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
