Toys R Us Canada unveils plans to open two smaller stores next

TORONTO — Toys “R” Us Canada says it will open two new stores in the first half of 2020 — a day after the company’s president resigned from the retail chain.An executive says the two stores will be smaller than the company’s typical big-box format, but bigger than its roughly 930-square-metre Guelph, Ont., location dubbed a Toybox that opened last year.Frank Juhasz says the locations have yet to be announced, but they won’t be in a major market like Toronto.The expansion to 85 stores comes after a tumultuous time for the toy seller after its American and U.K. counterparts liquidated stores, and the Canadian business sought creditor protection.Fairfax Financial Holdings Ltd. eventually purchased the Canadian operation for $300 million and has plans to significantly grow the company.The expansion news came shortly after the company’s president, Melanie Teed-Murch, tendered her resignation Monday after more than two decades working with the company. Companies in this story: (TSX:FFH).The Canadian Press read more