Toys "R" Us Could Be Making a Comeback

Spencer Platt/Getty Images
Spencer Platt/Getty Images

Kids and kids-at-heart still mourning the shuttering of Toys "R" Us may not have reason to mope for much longer. As CNN Money reports, the owners of the company's remaining assets are no longer putting the rights to the Toys "R" Us and Babies "R" Us names up for bid, and instead are considering reviving the brands.

Following years of damage sustained from competing online retailers and last decade's recession, Toy "R" Us filed for bankruptcy in September 2017 and liquidated hundreds of stores in June. News outlets at the time proclaimed the death of the toy store chain and "the end of an era," but those reactions may have been premature.

A group of Toys "R" Us investors thinks the branding attached to the iconic company could still be valuable to them. Their original plan was to auction off the assets to the highest bidders, and they had already attracted a few offers before taking the properties off the auction table. Who the interested buyers were, and whether they planned to do something with the Toys "R" Us name or just keep competitors from using it, wasn't disclosed.

In a recent bankruptcy court filing, the investors said they're making early plans to launch "a new, operating Toys "R" Us and Babies "R" Us branding company." The company would open new domestic retail businesses and expand its presence overseas, but it wouldn't necessarily be the same store customers remember. Rather, the group said it's looking to "bring back these iconic brands in a new and reimagined way."

The demise of Toys "R" Us left a hole in the toy market, with some analysts predicting a 10 to 15 percent loss in overall toy sales. If Toys "R" Us doesn't return to close the gap it left behind, there are plenty of retailers looking to take its place.

[h/t CNN Money]

21 Widespread Myths About Animals, Debunked

YouTube
YouTube

No, that nasty-looking wart on your finger didn't come from a toad. And yes, giraffes really do need more than 30 minutes of shut-eye in a day. Chances are that one of the "facts" you've come to know about your favorite animal isn't a fact at all. (Cats can swim and dogs do see colors—though in a different way than you probably do.)

Since our fuzzy, furry, finned, and winged friends can't always speak for themselves, Mental Floss Editor-in-Chief Erin McCarthy is here to clear up 21 widespread animal myths. So gather up your pets and check out this week's all-new edition of the Mental Floss List Show. You can watch the full episode below.

For more episodes like this one, be sure to subscribe here.

Australian Accounting Firm Offers Employees 12 Weeks of ‘Life Leave’ to Strike the Perfect Work-Life Balance

iStock.com/karenfoleyphotography
iStock.com/karenfoleyphotography

What would you do if you could take a three-month vacation each year? Would you book a flight to Hawaii, catch up on your favorite Netflix shows, or simply spend some quality time with your partner, kids, or dogs? The employees at one Australian accounting firm undoubtedly have a few ideas about how to spend the six to 12 weeks of “life leave” they will soon be granted.

As Travel + Leisure reports, Ernst & Young Oceania decided to introduce more flexible work hours in an attempt to attract and retain top talent. “We’re innovating so we don’t lose these people while they pursue passions outside of work,” company official Kate Hillman told The Independent. Hillman went on to cite volunteer experiences, training programs, and even a trekking trip to Nepal as different ways that employees might take advantage of the new policy, which goes into effect April 1.

Employees can either use their leave all at once or split it into two smaller vacations. The only catch is that the leave is self-funded—so it’s essentially an unpaid vacation. Still, if someone has the burning desire to backpack through Europe for a couple of months, or work on a project, it’s a safer option than quitting their job only to return unemployed and broke.

In addition to this policy, employees can choose to reduce their hours to a part-time schedule for up to three months each year. Parents may also choose to take advantage of a term-time arrangement, which lets them work regular hours when school is in session, then take time off during school holidays.

According to the firm’s research, flexibility at work boosts employee engagement by 11 percent. There are plenty of other reasons to take a vacation, too—not the least of which is evidence that time off may help you lead a longer, healthier, and happier life. Plus, you’ll come back refreshed and motivated, so your boss will be happy, too.

[h/t Travel + Leisure]

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