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Bankrupt Toys “R” Us to Close All 735 Stores in United States

Bankrupt Toys “R” Us to Close All 735 Stores in United States

Toys “R” Us, has filed a motion seeking the Bankruptcy Court approval to close all 735 stores and liquidates its inventories in United States.  The toy giant is also working on a sale process for its Canadian and international operations in Asia and Central Europe, including Germany, Austria and Switzerland.  The Company’s international operations in Australia, France, Poland, Portugal and Spain are also reviewing their options.

” Bankrupt Toys “R” Us to Close All 735 Stores in United States “

Toys “R” Us has filed for Chapter 11 bankruptcy protection on 18th September 2017, and have received interim approval.  At a hearing on 19th September 2017, the company will continue normal business operations throughout the financial restructuring process.

Sources: Toys R Us, Bloomberg

 

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About ToysRUs

ToysRUs, Inc. is relentlessly striving to be the best toy and baby retail company for the world. It has solidified its position by offering a differentiated shopping experience through its family of brands. Today, merchandise is sold in 875 ToysRUs and Babies“RUs stores in the United States, Puerto Rico and Guam, and in more than 765 international storesand more than 245 licensed stores in 37 countries and jurisdictions. With e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection. In addition, the company is committed to serving its communities as a caring and reputable neighbor.

Visit: ToysRUs

 


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