Starting at the end of August, the retailer will stock more strollers, cribs and car seats, along with a selection of items from companies like Dr.
“We’ve strategically chosen these 500 JCPenney locations because the majority of the stores are near a specialty baby retailer that has recently closed its doors,” the company said.
Parents used to turn to Babies R Us for items such as diaper bags, pacifiers and cribs before it was forced to close stores after its parent company, Toys R Us, went bankrupt. According to reports, JCPenney’s new strategy could boost brands such as Mattel’s Fisher-Price, which has seen its sales decline since Babies R Us’ downfall.
According to the Wall Street Journal, Toys R Us’ liquidation was the largest retail closure since Sports Authority closed nearly 500 stores. Since its leveraged buyout, Toys R Us had been burdened with over $5 billion in debt. Competition from eCommerce retailers, such as Amazon, and discount stores, like Walmart, hasn’t helped the company either.
In addition, the company hoped to find a buyer for its Canadian business, which it planned to package with 200 stores in the U.S. “We’re putting a for-sale sign on everything,” Brandon told the WSJ. “Frankly, all anyone has to do is offer one dollar more.”