Business

Closing over 182 Toys ‘R’ Us stores shouldn’t change Miami, Broward shopping — yet

Of the 182 Toys ‘R’ Us or Babies R Us stores slated for closing, 11 are in Florida, but only one is in Broward County and none in Miami-Dade.
Of the 182 Toys ‘R’ Us or Babies R Us stores slated for closing, 11 are in Florida, but only one is in Broward County and none in Miami-Dade. AP

Don’t worry, Miami-Dade and Broward parents: Nationwide closings of Toys “R” Us or Babies “R” Us stores won’t affect your ability to one-stop shop for Hot Wheels, toy kitchens, baby swings and wipe warmers.

For now.

No Miami-Dade stores and only one Broward store are among the 182 store shutdowns listed in the company’s federal bankruptcy court filing on Tuesday.

The combined Toys “R” Us/Babies “R” Us in Coral Springs, 6001 W. Sample Rd., is the southernmost of 11 Florida stores on the targeted for termination list. Going Out of Business sales should start early next month, Toys “R” Us CEO Dave Brandon wrote in an open letter posted on the company’s website, and most of the closings will happen in April.

“We also intend to convert a number of locations into co-branded Toys “R” Us and Babies “R” Us stores,” wrote Brandon, who affirmed all warranties, customer loyalty and registry programs remain in operation.

The two Palm Beach County stores on the list, a Toys “R” Us at 21697 State Rd. 7 in Boca Raton and a Toys/Babies combination at 450 S. State Rd. 7 in Royal Palm Beach, each leases its location. That might spare them.

“The determination of whether or not to close all 182 stores will depend on whether the Debtors and non-Debtor affiliate … are able to negotiate more favorable lease terms and rent reductions for certain stores with their landlords,” states the filing in U.S. Bankruptcy Court for the Eastern District of Virginia Richmond Division.

The Boca store’s lease expires Jan. 31, 2021. The Royal Palm Beach store’s lease expires Jan. 31, 2028. That Toys “R” Us went into Chapter 11 bankruptcy might make lease renegotiation easier from the company’s end.

But if those stores stay open, others might be vacated.

“An overwhelming majority of the Initial Closing Stores have negative sales trends and have failed to meet the performance standards set by the Debtors,” the filing says. “In order to maximize the value of their estates, the Debtors may need to close additional stores … following the conclusion of the Lease Negotiations.”

Toys “R” Us has had a 7 percent decrease in sales at its stores since October, according to CNN.

David J. Neal: 305-376-3559, @DavidJNeal

Florida closings

Altamonte Springs, 708 West State Rd. 436 Babies "R" Us

Boca Raton, 21697 State Rd. 7 FL Babies "R" Us

Coral Springs, 6001 W. Sample Rd. FL Toys "R" Us/Babies "R" Us

Kissimmee 2601 W.Osceola Pkwy., Babies "R" Us

Kissimmee, 3214 N. John Young Pkwy. Toys "R" Us

Orange Park, 6001 Argyle Forest Blvd. Babies "R" Us

Port St. Lucie, 10732 SW Village Pkwy. Babies "R" Us

Royal Palm Beach, 450 S. State Rd. 7, Toys "R" Us/Babies "R" Us

St. Petersburg, 1900 Tyrone Blvd., Toys "R" Us

Tallahassee, 1625 Apalachee Pkwy., Toys "R" Us/Babies "R" Us

Tampa, 3908 W. Hillsborough Ave. Babies "R" Us

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