Toys “R” Us Canada has filed for CCAA protection as it restructures its business, reduces its store footprint, and navigates mounting operational pressures.
The entrepreneur talks about his newly opened retail concept, which involves opening an initial 24 stores in former Bed Bath & Beyond locations across the country.
The new retail concept called rooms + spaces will be rolled out across the country by early summer, and Putman says that he plans to open even more than expected by the end of the year.
The owner of Toys R Us Canada, T.Kettle, Sunrise Records, FYE and other retail banners discusses why he has been acquiring brands with a focus on physical stores.