Economy
Toys R Us Exits Japan as Don Quijote Takes Over Its 150 Stores
Reports say the American toy retailer Toys R Us is exiting its Japan business, with Pan Pacific International Holdings—the parent of discount chain Don Quijote—taking over roughly 150 domestic stores for a sum put at around 10 billion yen. Once feared as a 'black ship' that would crush local toy shops, the chain's retreat drew relaxed, nostalgic reactions: fond memories of its old jingle, jokes about a rename, and calm reads of a retail sector reshaped by a falling birthrate and e-commerce. There has been no official announcement or finalized terms yet, so a completed acquisition is not confirmed.