Sure, these smaller toy stores have action figures, transformers, and legos, but if you want something like the GI Joe Aircraft Carrier, you pretty much needed to go to Toys-R-Us. K&K Toys or KB Toys in the mall wasn't carrying the Death Star (at least mine wasn't), you had to go to Toys-R-Us for that sort of thing. These days, you want that crazy awesome Masterpiece Transformers Soundwave? Got to go to Toys-R-Us. That's the sort of thing that I'm going to miss. My city lost it's Toys R Us in the early 2000s and it definitely impacted the selection of toys. I started making the drive to one about an hour a away to do Christmas and Birthday shopping. There's something to be said for that big box space dedicated exclusively to toys, especially if you're looking for something different than the plain vanilla you can get at Walmart, Target, etc.
They also had a credit card program and sales days (similar to Barnes & Noble) where you could actually get good deals, or at least buy things for the same price as Amazon, etc.