Toys “R” Us is headed toward shuttering its US and UK operations, jeopardizing the jobs of some 30,000 employees. It spells the end for a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot. CBC says the closing of the company’s 740 US stores over the coming months will finalize the downfall of the chain that succumbed to relentless trends that undercut its business, from online shopping to mobile games. In Canada, Toys ‘R’ Us Canada will try to carry on with CEO David Brandon telling employees Wednesday the Canadian firm will try to bundle its 200 store Canadian business and find a buyer. The company’s US online store would still be running for the next couple of weeks in case there’s a buyer for it.
