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Business and Economy

Salem Site Among 7 Former Toys R Us Locations Acquired by Ocean State Job Lot

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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 currently has 10 locations in New Hampshire (see map above).

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.

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

 

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