Why Are Some Toys “R” Us Locations Closing in Ontario?
Several Toys “R” Us locations closing in Ontario, including locations in Mississauga, London, Hamilton, and Stoney Creek. Customers on social media have shared news of closures at stores such as 4559 Hurontario St. in Mississauga and 540 Centennial Pkwy. N. in Stoney Creek. The company has not publicly commented on the closures yet, but staff members have suggested that the timeline for each location’s shutdown is dependent on when their remaining stock is sold.
What’s Driving These Store Closures?
While the specific reason for the closures has not been officially explained, it’s clear that Toys “R” Us is facing ongoing challenges in the retail market. The company, which is independently owned in Canada, has been impacted by changing consumer behaviour and increasing competition in the toy industry. The closures reflect the company’s ongoing efforts to adjust to these market pressures, similar to the struggles of its U.S. counterpart, which filed for bankruptcy in 2017.
Employees are understandably upset about the closures, with some sharing emotional messages on social media. One staff member from the Sudbury store expressed gratitude to loyal customers and acknowledged the hard work the team put into making the store a special place. Customers, including collectors like Neil Donovan, are disappointed by the loss of their favourite locations, with many recalling fond memories of shopping at the stores. In preparation for the closures, most affected stores are offering discounts of around 10% on their remaining inventory.
What Does the Future Hold for Toys “R” Us in Canada?
While many Toys “R” Us locations are closing, several are still open and ready for business. Despite the closures, Toys “R” Us is not disappearing from the Canadian retail scene. The company still has a significant presence with 107 locations across the country, although it faces increasing competition.
Owned by Canadian retail mogul Doug Putman, who also owns HMV and Sunrise Records, the brand is likely to continue evolving in response to changing market dynamics. While the closures are a tough adjustment, Toys “R” Us remains committed to being a leading destination for Canadian families looking for toys and gifts
What If You’re Impacted by the Store Closures?
If you work at one of the affected Toys “R” Us locations, you may be entitled to severance pay due to the closure of your store. Severance is typically determined by factors such as your tenure, position, and age. In many cases, employees can receive compensation based on the length of their service, which could extend for several months. If you are facing a layoff due to the closure, it’s important to understand your rights and ensure that you receive fair treatment.
For assistance in navigating your severance entitlements, you can contact employment lawyers at Whitten & Lublin to discuss your options and secure the compensation you deserve. Contact us online or by phone at (416) 640-2667.