Toys R Us bankruptcy and liquidation (2017–2018)
Toys R Us filed for Chapter 11 bankruptcy in September 2017. After failing to restructure its massive debt, the company announced in March 2018 it would close all U.S. stores. Over 30,000 workers lost jobs and hundreds of stores were shuttered.
The brand vanished from U.S. malls, leaving a gap in the toy market filled by Walmart, Target, and Amazon.
WHP Global acquired the brand in 2021, licensing it to operators like Go! Retail Group, which began opening temporary and permanent stores.
This history explains why the Grand Rapids openings are significant: they mark a return of a once-dominant retailer that had disappeared entirely, now operating under a new licensing model.
