Toy retail giant Toys“R”Us is set to withdraw completely from the Japanese market and is expected to decide how its approximately 150 domestic stores will be operated going forward. Don Quijote has begun moving toward an acquisition agreement.
Toys“R”Us has decided to withdraw completely from operating stores in the Japanese market. The specific procedures and timing of the withdrawal have not been disclosed, but the company is reportedly proceeding on the assumption that it will exit.
Attention is focused on the future treatment and reorganisation of the approximately 150 stores operated in Japan.
Don Quijote has been cited by parties familiar with the matter as a potential buyer of Toys“R”Us, and negotiations toward an acquisition agreement are reportedly progressing.
The move has been reported as part of a strategic shift accompanying the company's reorganisation, and attention is also focused on the future response of its parent company, Pan Pacific International Holdings.