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, R.I.-based retailer’s first foray into the state.
The other locations are in Brockton and Dartmouth, Mass.; Salem, N.H.; and Nanuet, N.Y.
Ocean State Job Lot, founded in 1977, is a privately held retailer with 133 stores in New England, N.Y., and New Jersey with annual sales exceeding $675 million.
Chief Executive Officer Marc Perlman says the new locations were acquired at “an extraordinary price.”