Toy News: Toys 'R' Us to close up to 182 stores
After declaring bankruptcy in 2017, Toys 'R' Us has released a list of the stores it intends to close. According to USA Today 182 stores are currently targeted for closing. While it may be possible some closings will be avoided, this gives collectors an idea of the scope of the closings. You can check the list of closings here.
Those on the Toys 'R' Us mailing list also received an email this morning from Chairman and CEO Dave Brandon which read in part:
"The reinvention of our brands requires that we make tough decisions about our priorities and focus. To that end and following a top-to-bottom assessment of our business, we have decided to close a number of our U.S. stores. We also intend to convert a number of locations into co-branded Toys"R"Us and Babies"R"Us stores. The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company that will provide the level of service and experience you should expect from a market leader."
Credit: Thanks to Brian Rittmeyer for the heads up on the USA Today article.