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They lasted longer than I thought they would. About 10 years ago, they built a second Walmart a block away from our local Toys R Us. They didn't seem to have much traffic after that, even at Christmas.
They just got outcompeted. Hell I remember buying PS games there. Just wait for Sears and K-Mart, they're zombies waiting to die
Our K-Mart closed about 5 years ago, and the 2 closest towns that Sears in the malls closed in the last year.