Ocean State Job Lot recently purchased six former Toys “R” Us stores, and has agreed to a long-term lease at a seventh, with the stores located in New York, New Jersey, New Hampshire and Massachusetts.
The closeout off-price retailer is headquartered in Rhode Island and operates 133 stores in New England, New Jersey, and New York. The Pennsylvania store will be the company’s first in the Keystone State.
“The recent closure of Toys ‘R’ Us retail stores has allowed Ocean State Job Lot to acquire seven outstanding locations at an extraordinary price,” said Marc Perlman, Ocean State principal owner and CEO. “In an ever-changing retail environment where many retailers are struggling, Ocean State Job Lot has been able to adapt, enter new markets, re-open closed storefronts, and create new job opportunities. We realize that people work hard for their money, and those retailers who are able to provide exceptional value will be rewarded by their customers.”