Thousands of jobs at risk as iconic brand prepares to close
Giant retailer Toys ‘R’ Us is set to close, putting 2,700 Australian jobs in jeopardy.
US CEO of Toys R Us Dave Brandon has told employees it will sell or close all its American stores and a number of other countries will have their operations liquidated.
President of the Australian Toy Association Andrew Skinner tells Ross Greenwood how it will impact Australian vendors.
“It definitely has a significant impact on the industry overall.
“For a lot of vendors… Toys ‘R’ Us is their largest retailer because Kmart, Target and Big W are a bit more selective about who they trade with.
“Many of the distributors [and] suppliers will have accounts with Toys ‘R’ Us which they’d be concerned about and business moving forward as well.”
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