The closures, which amount to about one-fifth of Toys ‘R’ Us locations, will begin in February with store closing sales, according to company statement. The sales are expected to conclude sometime in April.
Toys “R” Us, Inc. voluntarily filed for relief under Chapter 11, in September 2017. Despite the planned closures, Toys ‘R’ US is continuing its customer programs including registries and loyalty programs, according to the company. Toys R Us was $5 billion in debt, as of April 29.
“While our store roster may be getting smaller, what is not changing is our desire or commitment to serving you,” Brandon wrote. “For the past 70 years, we have worked hard to earn your business and look forward to being champions of play and a best friend to parents everywhere for decades to come.”
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