WAYNE, New Jersey, Sept. 19, 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:
Media:
Amy von Walter,
Executive Vice President, Global Communications & Customer Care
at 1-201-815-9512 or Amy.vonWalter@toysrus.com
press@toysrus.com
1-973-617-5900
Michael Freitag / Meaghan Repko
Joele Frank, Wilkinson Brimmer
Katcher
Tel: 1-212-355-4449