Ocean State Job Lot acquires 7 former Toys R Us locations

Two of the locations are in Massachusetts.

NORTH KINGSTOWN, R.I. (AP) — Discount retailer Ocean State Job Lot has purchased six former Toys R Us locations and agreed to a long-term lease at a seventh in New York, New Hampshire, Massachusetts, and Pennsylvania.

The three Pennsylvania locations in Montgomeryville, Scranton and Wilkes-Barre, mark the North Kingstown, Rhode Island-based retailer’s first foray into the state.

The other locations are in Brockton and Dartmouth, Massachusetts; Salem, New Hampshire; and Nanuet, New York.

Ocean State Job Lot, founded in 1977, is a privately held retailer with 133 stores in New England, New York, and New Jersey with annual sales exceeding $675 million.

Advertisement

Chief Executive Officer Marc Perlman says the new locations were acquired at “an extraordinary price.”

Close

Get the latest breaking news sent directly to your phone. Download our free app.