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NJ Becomes 1st State to Mandate Severance Pay for Mass Layoffs
New Jersey has become the first state in the nation to guarantee severance pay for mass layoffs, according to the bill’s sponsors and the governor’s office.
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In Time for Holidays, Toys R Us Returns in New Jersey on Wednesday
If you’re planning to do some holiday shopping and don’t want to do it online, you’re in luck because Toys R Us is reopening on Wednesday in New Jersey.
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What's on Kids' Wish Lists? Here Are 12 of the Hottest Toys for the Holidays
The holiday season is fast approaching, and toys are already flying off the shelves. The toy industry is poised for growth this year as it faces weak comparisons with last year’s holiday season, which was the first without Toys R Us. The closing of the toy retailer hurt sales last year, because parents stocked up on toys at liquidation sales...
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Target Is Going to Power Toys R Us' New Website
You’ll be able to shop at Toys R Us online again — thanks to a little help from Target. Target announced on Tuesday that it’s partnering with the parent company of the Toys R Us brand, TRU Kids, to help it relaunch ToysRUs.com. The deal will allow Toys R Us to once again have an online presence, post bankruptcy, as...
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Toys R Us Plans a Small Comeback With 2 Stores This Year
The first two new Toys R Us stores — one in Texas, the other in New Jersey — will open in November as part of a small comeback of the defunct iconic toy chain in the U.S. Richard Barry, a former Toys R Us executive and now CEO of the new company called Tru Kids Brands, says an online experience...
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Ghost of Toys R Us Still Haunts Toy Makers
This year, children will have a hard time finding Uncle Milton’s glow-in-the-dark ant farm, or the gel and ant village version. Basic Fun, the parent company behind the brand, has stopped producing them and now makes just three versions — basic, giant and retro. Who’s to blame? Toys R Us. A year after Toys R Us imploded, toy makers are...
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Payless ShoeSource to Shutter All of Its Remaining US Stores
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. All of the stores will...
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Toys R Us Tries for a Comeback a Year After Going Out of Business
Some former Toys R Us executives are looking to bring back the iconic retailer — Geoffrey the Giraffe and all. Toys R Us liquidated its business last year, unable to emerge from bankruptcy after a crippling 2017 holiday season. Its lenders, including Solus Alternative Asset Management and the Angelo Gordon investment firm, took control of the company’s intellectual property, which...
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Alysa Liu Makes History, Becomes Youngest US Women's Figure Skating Champion
13-year-old Alysa Liu became the youngest competitor to win the the U.S. Women’s Figure Skating Championship.
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Department Stores Are ‘Fighting for Their Lives,' Says Ex-Target Exec Gerald Storch
Macy’s disappointing holiday sales are less about the consumer and more about department stores’ relevance these days, former retail CEO and Target executive Gerald Storch told CNBC on Thursday. Macy’s reported weak holiday sales and cut its 2018 earnings outlook on Thursday morning, sending its shares and others tumbling. “Traditional department stores are fighting for their lives in an Amazon...
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Former Toys R Us Manager Opens Maryland Store With Diverse Toys, Dolls
A new brick-and-mortar toy store in Maryland opened by a former Toys R Us manager is seeing success thanks to the diversity of its dolls and toys.
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From the Cozy to the Gross, Here are 4 Holiday Shopping Trends to Watch
Cozy sweaters and soft pajamas are in for adults. Kids, meanwhile, are asking for board games featuring fake poop and pimples. Those are just some of the trends expected this holiday season, when shoppers are projected to spend as much as $720 billion, according to the National Retail Federation. Here’s what to expect.
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Walmart, Target Host Black Friday Events to Court Online, Former Toys ‘R' Us Shoppers
With Black Friday sales beginning on Thanksgiving for many retailers, Walmart and Target are getting the ball rolling with a variety of new events that experts say are intended to draw online shoppers and seize upon the first holiday season without a beloved children’s toy haven. Walmart recently announced its first-ever “Light Up Black Friday” parties in stores at 4...
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Former Toys R Us Workers to Get $20 Million in Hardship Fund
Two private equity owners of the iconic Toys R Us toy chain will be handing over a $20 million hardship fund to the thousands of former workers left jobless and without severance after the chain liquidated in June.
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Beloved Toy Store FAO Schwarz Makes Its Comeback, Families Wait in Line in Snow to Get In
Three years after it closed its beloved toy store on Fifth Avenue, FAO Schwarz is making a return to New York.
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FAO Schwarz Reopens at 30 Rock
New York’s most beloved toy store is back, this time at Rockefeller Center.
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Forecast for Monday, Oct. 15
Storm Team 4 meteorologist Chris Cimino has your forecast for Monday, Oct. 15.
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Retailers Up Their Game After Toys R Us Closures
When Toys R Us closed its doors, customers mourned the loss of a beloved brand that conjured memories of their own childhood. Retailers, on the other hand, saw an opportunity. Rather than cede any more ground to online behemoth Amazon, companies like Target, Walmart and Party City ramped up their offerings. Now, ahead of the pivotal holiday season, they’re going...
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Play Back? Toys R US Investors Plan Comeback for Brand
There may be a second act for Toys R Us, the retail wonderland for children that turned out the lights at hundreds of stores for what was thought to be the final time over the summer. After joining the parade of retailers that never recovered from the recession and radical changes in the way Americans shop for toys and everything...
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Goodbye, Geoffrey: Toys R Us Closing Its Last Stores
Toys R Us is closing its last U.S. stores by Friday, the end of a chain known to generations of children and parents for its sprawling stores, brightly colored logo and Geoffrey the giraffe mascot.