Toys R Us’ former Global Chief Merchandising Officer Richard Barry, now chief executive officer of Tru Kids, won the rights to the Toys R Us brand last October, including Babies R Us and Geoffrey the Giraffe assets.
“We’re definitely coming back in 2019. At minimum two stores. There’s more planned for 2020,” the source told CNN.
New stores will have a smaller footprint and be experiential, according to the source.