Last March, Toys R Us, one of the biggest toy retailers in the world announced that it will be closing its doors all over the US. For years, the company struggled financially and hasn’t made a profit since 2012 due to big-box chains such as Walmart, Target, Best Buy, and online retailer Amazon, eating up its share in the market.

Now, it seems that Toys R Us will once again open its doors after The Wall Street Journal reported that the company decided to call off the planned auction of the Toys R Us brand and is now considering to create “a new, operating Toys R Us and Babies R Us branding company,” while expanding its international presence worldwide.

When the company was struggling a year ago, about 200 stores were initially closed all over the US before management decided to file for bankruptcy. Now, the company’s lenders chose to reverse the bankruptcy order after speaking to controlling parties and agreed that the Toys R Us brand is too valuable to give up.

Toys R Us filed for bankruptcy a year ago, with plans to reorganize and pay off debts to remain in business. However, the toy retailer’s strategy failed after a disastrous Christmas season, which prompted the company to close down more stores, resulting in over 31,000 workers losing their jobs. The Wall Street Journal also reported that “the absence of Toys R Us has left an $11 billion hole in the toy industry.”

Toys R Us also sold video-games prior to its shutdown. Unfortunately, gamers have also shifted to purchasing their games online via Steam, Nintendo eShop, PlayStation Store, Xbox Store, and many others. Those who preferred their games to be in the physical format would often turn to retailers such as Gamestop or other big-box retailers such as Target and Walmart.

As of now, the detailed plan on when the brand would be making a comeback, and how many stores it plans to open, was not disclosed. In the end, the company’s creditors decided to revive the brand was seen as a better option financially than to take any bids for its remaining assets.