All of your favourite childhood stores have been slowly closing. Toys “R” Us announced on Wednesday that is will close 180 stores in the United States. According to the Toronto Star, while the president for Canadian Operations reassured customers that its business as usual in Canada, many insiders believe that Toys “R” Us won’t last.
Toys “R” Us’ American division is $5 billion (U.S.) in debt and obtained creditor protection in September in an effort to restructure the company. The process didn’t work as planned, and the company will begin closing stores in February with most stores closed by mid-April.
Now as far as Canadian Toys “R” Us go, all 83 stores in Canada will remain open for business, honouring all their policies, warranties, gift cards and loyalty programs. While Toys “R” Us in Canada has actually had a profitable year, industry experts point out that this may not last. Companies like Walmart, Amazon and formerly Target were eating into Toys “R” Us market share and things don’t look to change anytime soon as Toys “R” Us hasn’t yet quite figured out an effective online e-commerce platform that can compete.
Additionally, consumers tastes have changed. When it comes to shopping for toys customers are opting to buy online for specific items, and then gravitate to smaller toy stores for browsing purposes. Boutique stores like Mastermind Toys are eating up Toys “R” Us sales.
While Canadian stores will remain open it will be increasingly difficult for Toys “R” Us to maintain it’s success in Canada.
Source: The Toronto Star
If you’re looking to get your shopping fix this weekend, the city is brimming with sales. Whether you’re shopping for your next outdoor adventure, stocking up on holiday and birthday gifts for the kids, or looking to spoil yourself with a brand spanking new wardrobe, you’ll find a sale to suit your fancy.
Annual Mastermind Toys Warehouse Sale
This one’s for the kids (and the parents who want to save big)! The annual Mastermind Toys Warehouse Sale is back in town, and they are taking 40-70% off toys and books for kids of all ages. The limited time sale is happening at the International Sale in Toronto, with lots of door crasher specials. It’s never too early to start picking up birthday and holiday gifts. The sale ends July 16. Get full sale details here.
Images that Suit Warehouse Sale
If you haven’t had a chance to shop the Images that Suit sale in Mississauga yet, this is the last weekend to get yourself over there! There are massive savings for women, with up to 80% off designer brands like Vince Camuto, Tahari, NYDJ, Second Yoga, Franco Sarto and more. The sale ends July 15. Get full sale details here.
Higher Ground Summer Sale
Prepare for your next outdoor adventure with Higher Ground. The midtown Toronto store is taking up to 50% off outwear, apparel and footwear from brands like Ben Sherman, Ice Breaker, the North Face, Teva, Native, TOMS and Patagonia, to name a few. Get full sale details here.
Club Monaco Sale on Sale
Right now Club Monaco is taking an additional 30% off sale items in stores and online. There’s no promotion code needed, and with the added discount, you’re getting up to 65% off apparel, outerwear and accessories for men and women. Shop the sale here.
Roots Summer Sale
If you’re a fan of Roots, you’ll be happy to hear that they have markdowns of up to 50% off online right now. Shop classic sweats, flannels, leather footwear, accessories and more for the whole family. Shop the sale here.
Hudson’s Bay Summer Clearance
Everyone’s favourite department store is hosting a big summer clearance event; apparel, accessories, footwear and homewares are up to 70% off. On top of that, ladies can also upgrade their wardrobes with up to 40% off tops, dresses, denim and more. Shop the sale here.
Featured Image: Instagram/@RootsCanada
Did we miss any of the best sales happening this weekend? Share them in the comment section.
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