Major toy retailer Toys“R”Us has announced plans to withdraw from operating stores in Japan. The company operating the discount retailer Don Quijote is expected to acquire the business, with stores in Niigata and Nagaoka also potentially involved.
Toys“R”Us plans to withdraw from operating stores in Japan, and the status of approximately 150 stores nationwide is expected to affect developments going forward. There has also been speculation that the business had remained in the red, and the background to the withdrawal is being examined.
The acquiring company is the operator of Don Quijote, a discount-store chain, and is reported to be planning to acquire the business. The article does not formally disclose the timing or terms of completion of the acquisition.
Dekki 401 in Niigata has been cited as part of the area affected by Toys“R”Us’s withdrawal from Japan, suggesting a structure in which stores operate in both Niigata and Nagaoka. The decline in the birthrate and the spread of online retail are believed to have contributed to the withdrawal.