Toys "R" Us Reportedly Plans To Close Another 200 Stores
Toys “R” Us Inc. plans to close another 200 stores and lay off a significant portion of its corporate staff following a disappointing holiday sales season, the Wall Street Journal reported citing people familiar with the matter.
The retailer recently had announced plans to close about 180 stores, affecting approximately 4,500 workers. The latest wave of closings would cut nearly in half the number of U.S. stores it had before its bankruptcy filing, the report said.
The discussions about the store closings are continuing, and the number of closures could change, the report said.
by RTT Staff Writer
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