Babies “R” Us will reopen its first store at New Jersey’s American Dream Mall this summer, nearly five years after its parent Toys “R” Us closed shop across the country, the retailer’s owner WHP Global said on Tuesday.
Babies “R” Us was the go-to destination for parents looking for cribs, pacifiers, and diaper bags until stores were shut in June 2018. WHP Global said the new store in New Jersey sets the stage for a national rollout in the future.
Toys “R” Us filed for bankruptcy protection in late 2017, straining under a $2.5 billion debt pile. At the time, its bankruptcy was the biggest collapse of a U.S. retailer by assets since Kmart in 2002….