New Owner To Reopen Toys 'R' Us Stores

New Owner To Reopen Toys 'R' Us Stores

By Newsy Staff

By Newsy Staff
March 16, 2021

March 16, 2021

With toy market hot during pandemic, Toys "R" Us owner WHP Global hopes to open retail stores by the holidays.

SHOW TRANSCRIPT

Toys "R" Us is coming back and stores may be open by the time the holidays roll around.

A company called "WHP Global" bought the parent company to Toys "R" Us.

It plans to reinvent the Toys "R" Us brand and bring it back.

There's no official timeline but the company says it's hoping to have stores operating by the end of this year.

TRENDING IN Business NEWS

What's Causing A Retail Shortage?

Some Border Towns Are Anxious About The Return Of Tourism

Why More Americans Are Relocating To Rural Areas

Business Owners Debate The Effect Of Unemployment Benefits

Tesla and SpaceX Chief Executive Officer Elon Musk.

Susan Walsh / AP

Tech Industry Leaders Meet To Discuss Future Of Bitcoin

Hiring banner in Sacramento, California.

Rich Pedroncelli / AP

U.S. Weekly Jobless Claims Rise To 419,000

Vial of Moderna vaccine.

Florida Pharmacy Delivering COVID Vaccines

Inside a day care center

WTXL: Florida Child Care Centers Struggle To Hire Workers

A woman sits behind the wheel of a 2019 Lincoln MKC.

Mike Householder / AP

Used-Car Prices Down From Pandemic Highs

Protesters call for a raise in the federal minimum wage

Megan Smith/Newsy

Pandemic Fuels Wage Debate In America

Oxycodone pills

Mark Lennihan / AP

U.S. Opioid Lawsuits On Verge Of Settlements With 4 Companies

Woman stack shoes.

KGTV: Border Businesses Wait For Word On Reopening

President Joe Biden.

Andrew Harnik / AP

President Biden Pushes More Spending To Boost Economic Recovery

The New Shepard NS-14 booster rocket lands at Launch Site One in West Texas.

Blue Origin / AP

The Space Tourism Market Is Rapidly Expanding

A trader works in his booth on the floor of the New York Stock Exchange

Richard Drew / AP

Stocks Sink, Yields Tumble As Virus Fears Rise

Woman checks in guests.

Hotels Consider Making Some Pandemic Changes Permanent

Creme de la Creme Pommes Frites from Serendipity3.

Tasting The World's Most Expensive Fries

Outside Union Station.

KMGH: Denver's Labor Shortage Persists As Tourism Rebounds

Single Mom Serena Sumrell of Chicago plays with her son, Khriston.

Child Tax Credit Rolls Out: Chicago Mom Says Money Will Help Pay Bills

Books about death displayed at Alexandria Central Library

Why You Should Have The Uncomfortable Talk About Funeral Plans

Young children standing outside a school.

Jae C. Hong / AP

Expanded Child Tax Credit Payments Begin

A hiring sign offering a $500 bonus is posted in front of a McDonald's.

Unemployment Claims Hit New Pandemic Low Of 360,000

Federal Reserve Board chairman Jerome Powell.

Graeme Jenning / Pool via AP

Powell: Inflation Will Likely Remain Elevated Before Fading This Year

Board shows prices for food.

KGTV: What To Know About Rising Prices

Rep. Steve Scalise with poster about rising prices

Graeme Jennings / Pool via AP

U.S. Consumer Price Index Sees Largest Jump Since 2008

Man applies for unemployment assistance

FL Governor Touts Early Withdrawal From Unemployment Benefits

American And Canadian flags

Towns Near U.S.-Canada Border Fight For The Return Of Tourism

Firefighter gears up

Fire Departments Struggle To Attract Volunteers

Aspiring Airline Workers Are Optimistic About Meeting Travel Demand

Coastal Towns Welcome Return Of Cruises

Food at grocery store

What's Behind Rising Food Costs?

Workers dig through rubble

WSFL: Florida Condo Collapse Impacts Nearby Businesses

Purdue Pharma headquarters stands in Stamford, Conn

Mark Lennihan / AP

Purdue Pharma Exit Plan Gains Steam With OK From More States

A hiring sign is displayed in Downers Grove, Ill.

Nam Y. Huh / AP

Jobless Claims Up To 373,000 After Pandemic Low

Commuters wait in traffic during the morning rush hour in Brussels.

Francisco Seco / AP

EU Fines 4 German Car Makers $1B Over Emission Collusion

Woman Serves Beer

Group Helps Support Aspiring Women Brewers

Andrew Dvorscak started his own coffee company Rainbow City Coffee during the pandemic.

Andrew Dvorscak

Millions Planning To Change Their Jobs As COVID Cases Decrease

Gasoline and diesel prices displayed at a Shell gas stiation.

Steven Senne / AP

Gas Prices Spike After OPEC+ Meeting Is Called Off

WTVF: Food Truck Owners Fight For Federal Aid

A sign sits in front of the Tyson Foods plant in Waterloo, Iowa

Charlie Neibergall / AP

Tyson Recalls 8 Million Pounds Of Chicken Over Potential Contamination

Parents walk with children

WXYZ: Child Tax Credit Payments Begin July 15. Here's What To Know

Man works on a computer

Pandemic Forces More Elderly Americans To Delay Retirement

Teacher talks to students

More States Push To Add Financial Literacy Classes In High Schools

WXYZ: Why More People Are Leaving Retail Jobs Amid The Pandemic

Restaurant Industry Sees Employment Gains In June Jobs Report

Trump Tower in New York.

John Minchillo / AP

Trump Organization Indicted On Tax-Related Crimes

Gas prices are displayed as a jet descends to land at Cleveland Hopkins International Airport in Cleveland

Tony Dejak / AP

Pack Your Patience: 47 Million Expected To Travel Over Holiday

Donald Trump, left, his chief financial officer Allen Weisselberg, center, and Donald Trump Jr., right

Evan Vucci / AP

Trump Organization CFO Surrenders Ahead Of Expected Charges

James Madison softball player Odicci Alexander

Sue Ogrocki / AP

How NCAA Athletes May Capitalize On New Name, Image And Likeness Rules

Alan Diaz / AP

Walmart Unveils Cheaper Insulin Option

A 2013 Cadillac SRX displayed at the New York International Auto Show

Richard Drew / AP

GM Recalls More Than 380K Vehicles Due To Suspension Problem

The seal of the Federal Communications Commission (FCC)

Jacquelyn Martin / AP

Congressional Leaders Urge FCC To Perform Equity Audit

Women eat at a table.

KMGH: Colorado Restaurants Seek More Federal Relief

Nonprofit Brings Together Fishermen And Food Banks In Need

Woman talks on a phone

Denver Organizations Aim To Boost Black-Owned Businesses Year-Round

Employee works in kitchen

Service Workers Push For Paid Leave Benefits

Without Federal Funding, Many Music Venues Struggle To Rebound

Man walks near a business.

KGTV: San Diego's Mayor Urges Officials To Reopen The Southern Border

Man poses by boxes.

WTVF: Mom Helps Son Who Has Autism Launch A Business

Help wanted sign outside.

KGTV: California Business Owners Try New Tactics To Hire

President Joe Biden walks out of the State Dining room

Susan Walsh / AP

Biden Administration Extends Eviction Moratorium

An 8-week old Labrador retriever, takes a nap.

Mary Altaffer / AP

Petco CEO Wants More Offices To Allow Pets

Man works on a computer.

KMGH: Some Companies Don't Want Coloradans To Apply For Remote Work

The U.S. Capitol on Jan. 6, 2021.

Jan. 6 Corporate Freeze On Campaign Donations Begins To Thaw

Flags adorn the facade of the New York Stock Exchange

Richard Drew / AP

Major Stock Indexes Finish Up, NASDAQ Hits An All-Time High

A woman walks past an advertisement for Bitcoin in Hong Kong

AP Photo / Vincent Yu, File

Bitcoin Crashes Below $30,000 For First Time Since January

Perfect Storm Of Factors Lead To Stubborn 'Worker Shortage'

Amazon packages move along a conveyor at an Amazon warehouse facility in Goodyear, AZ.

Ross D. Franklin / AP

150 Amazon Packages Mistakenly Delivered To Home

American Airlines plane at a gate in New York City

If There's So Much Demand To Fly, Why Is American Canceling Flights?

The entrance to a Victoria's Secret store at a shopping mall

Keith Srakocic / AP

Victoria's Secret Ditching Famed 'Angels'

A Look At The Nation's Economic Recovery Timeline

Man talks to a woman outside.

WRTV: Why This Indiana Car Dealer Is Struggling To Meet Demand

Woman works at a computer.

WXYZ: Working Moms Detail Hesitancy In Returning To The Office

Inside a museum

Many U.S. Museums Face A Long Road To Financial Recovery

Boy sits next to a wooden nightstand

WXYZ: Michigan Boy Turns His Hobby Into A Business

Kim Gardner waves during a drive thru Juneteenth 2020 celebration

LM Otero / AP

More Than 100 Restaurants Participate In Juneteenth Celebration

A We're Hiring sign at a Publix supermarket in Richmond, Virginia

Steve Helber / AP

Report Says U.S. Jobless Claims Rise To 412,000

Construction workers build a new home.

David J. Phillip / AP

Lumber Prices To Drop Following Historic Highs

Man works in a food truck.

KMGH: Denver Business Owners Struggle Amid Record Heat

Sign offers work.

WXYZ: Michigan Eyes A Return-To-Work Bonus

A picture of the U.S. border with Mexico.

KGTV: Business Leaders At The U.S.-Mexico Border Call For Reopening

Shoppers reflected in a retail store's windows.

Shafkat Anowar / AP

U.S. Retail Sales Drop 1.3% In May After 2 Months Of Gains

Patrick Semansky / AP

ProPublica: Big Billionaires Pay Little To No Income Tax

MacKenzie Scott

Evan Agostini / Invision / AP

MacKenzie Scott Donates $2.7 Billion, Citing Wealth Gap

People bring signs to protest Houston Methodist Hospital system's rule of firing any employee who is not immunized.

Yi-Chin Lee / Houston Chronicle / AP

Hospital Workers' Vaccine Mandate Lawsuit Dismissed

former Nissan Motor Co. Chairman Carlos Ghosn holds a press conference as he launches an initiative to help Lebanon.

Hussein Malla / AP

Americans Charged In Ghosn Escape

Inside The Push To End Illegal Plant Buying

Women work in a flower shop.

KSHB: Wedding Vendors Struggle To Meet Demand

The Future Of Office Space

Physician checks child's height

WFTS: Physician Assistant Makes House Calls For Kids Amid Pandemic

Man works at a desk.

KTNV: Las Vegas Event Industry Rushes To Rehire

People bring signs to protest Houston Methodist Hospital system's rule

Yi-Chin Lee / Houston Chronicle / AP

Hospital Suspends 178 Employees For Not Getting Vaccinated

Starbucks employees in a Pride parade

Pride Is Good For Business. But Is Business Good For Pride?

A sign in South Dakota

Expert: Infrastructure Push Could Worsen Supply Shortages

Lifeguard walks to the pool.

KMGH: Pools Struggle To Hire Enough Lifeguards

Healthcare worker fills a syringe with the Moderna COVID-19 vaccine.

Matt Slocum / AP

Moderna Seeks FDA Approval Of COVID Vaccine For Adolescents 12 to 17