The last Toys “R” Us closed its doors on Friday, June 29, marking the end of an era for America’s most iconic toy store. Leading up to the closings, however, Geoffrey the Giraffe was able to help some Toys “R” Us kids one last time. In Raleigh, North Carolina, an anonymous patron took advantage of the massive clearance sales to buy $1 million worth of toys for local children.
It was that giraffe guy— Brian (@BrianRogers416) June 29, 2018
The act of charity was reported by WNCN CBS 17. Employees spent their last day packing the remaining toys onto a truck—a task made much easier thanks to the massive purchase that had just cleared out much of the inventory.
Not all heroes wear capes.— eiymba (@eiymba) July 1, 2018
Many people felt the anonymous millionaire’s purchase provided a final happy note in what has been a sad experience for anyone who’s ever enjoyed Toys “R” Us. While an increase in online toy shopping contributed to declining sales, the company ultimately failed after it was purchased by two private-equity firms.
Toys R Us went under because of a leveraged buyout in which they were used as collateral and the parent company did not break even and they've been in debt for literally 13 years as a result https://t.co/PkQB5kUF5x— Jacqui ??? AX (@jazqui) June 28, 2018
The new owners saddled Toys “R” Us with a huge debt that the toy chain would never be able to pay off.
Toys R Us was mostly killed by high amounts of debt and leveraged buyouts, not millennials or whatever.— Lcd101 (@Lcd_101) June 28, 2018
The company filed for bankruptcy in September 2017. Employees are still lobbying for severance pay.
Don't let nostalgia distract you from the fact that Toys R Us gave millions in executive bonuses, a week before filing bankruptcy.— Ian Saint (@realiansaint) June 28, 2018
The 30,000 losing their jobs aren't getting a penny in severance.
Still, the wealthy patron’s random act of kindness inspired people.
Well that's excellent— Colin (@QuaffRaleigh) June 30, 2018
Amazing gesture. pic.twitter.com/8iMF646BnX— Jacko (@Adam__Jackson) July 1, 2018
What a lovely thing to do— mike anderson (@mikelfc09) July 1, 2018
Saint Nick saving time and money in preparation for XMas ‘18! pic.twitter.com/GCMk1mqlIo— 'NoM (@nomzdaname) June 30, 2018
The hero we needed but didn’t deserve— sparklyari (@aadancergirl) June 30, 2018
And with his final sale completed, Geoffrey the Giraffe will finally be able to begin his much-deserved retirement.
We hope the children who got new toys will know they received some of the last Toys “R” Us had to offer.