Anonymous person buys $1M worth of remaining toys at Toys 'R' Us


Toys "R" Us is unfortunately officially closed, but before he retires Geoffrey might have a chance to step into a WWE ring thanks to Triple H. In January, it announced plans to close about 180 stores, but then in March it said it would liquidate the rest of the 700-plus stores.

A picture of Geoffrey the Giraffe leaving Toys "R" Us is pulling on the heartstrings of former Toys "R" Us kids as the chain closes for good Friday. Toys R Us has been owned by the private-equity giant Bain Capital.

This disappointed a steady stream of last-day shoppers who arrived, dejected, to find doors locked.

Staff at the Triangle Town Centre store in North Carolina spent their last shift boxing up all the remaining toys and putting them on a truck, WFLA reports. "I like the idea of donating the toys".

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In the UK, Toys R Us shut its final locations in April, but watching the animal waving goodbye really marks an end of an era.

In a dire retail landscape, more than 8,000 US shops closed in 2017, roughly double the average annual store closures in the previous decade, according to data from the International Council of Shopping Centers. Employees at the Boynton Beach, Florida, store made their frustrations known by hanging signs around the store and protesting outside, WPTV reported.

In 1965, Geoffrey the giraffe became the company's mascot, appearing in his first TV commercial in 1973. The bonuses were approved only a week before the company declared bankruptcy, according to the New York Post. "And now the big guys are walking away, and the workers are left with nothing".

Employees remained quiet on the buyer, but some customers guessed a celebrity or philanthropist bought the toys.