Retail Shake‑Up: Toys “R” Us Hit by Store Closures Amid Rent Disputes
Toys “R” Us is facing a new wave of store closures as landlords across Canada claim the retailer has fallen behind on rent payments. Several property owners have filed legal actions alleging significant unpaid balances, adding pressure to a brand that has already spent years fighting to regain stability in a changing retail landscape. Multiple locations in provinces such as Ontario, New Brunswick, and British Columbia have recently shut their doors after lease terminations tied to overdue rent. In some cases, stores were closed abruptly, leaving fully stocked spaces locked and inaccessible to customers. The closures mark another setback for the company as it navigates rising operational costs, increased competition, and the ongoing shift toward online shopping. The financial strain has accelerated a broader contraction of the chain’s physical footprint. Once a dominant force in the toy industry, Toys “R” Us now faces the challenge of rebuilding trust with landlords while attem...
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