Toys R Us To Close 180 Stores
Another major retail chain is closing stores to restructure after bankruptcy filing. Find out which Toys R Us locations will be going out of business.
Toys R Us is the most recent company to announce restructuring plans after emerging from bankruptcy court and this means 180 stores will close.
The company filed for bankruptcy just before the holiday season after seeing sales decline and debt pile up.
They now tell CNBC that
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.
Those actions include closing 180 stores across the country starting in February and ending around mid-April.
The stores that do remain open will likely be rebranded as co-Babies R Us and Toys R Us stores. They'll also be working to improve the in-store shopping experience as well as online experience overall and will be revamping their loyalty program.
These closures will likely mean big savings on toys and games, so as they go out of business, parents can start to take advantage of sales!
While the Toys R Us/Babies R Us in Dartmouth and Swansea will remain open, these Massachusetts stores will be shutting their doors soon.
302 Providence, Dedham MA
70 Worcester Providence Tpk/Rt. 146, Millbury MA
50 Holyoke Street, Holyoke MA
217 Hartford Ave., Bellingham MA
6110 Shops Way, Northborough MA
Shoppers World Plaza, 1 Worcester Road, Framingham MA
The Babies R Us on Quaker Lane in Warwick, RI is also on the closure list.