The company is expected to announce the closure of all American Toys R Us and Babies R Us stores.
Over the past few months, Toys R Us has announced plans to close many of its stores in an attempt to become profitable. The initial plan was to close roughly 180 out of its 800 stores, with liquidation sales just now starting for those. Now, however, reports indicate that the company will be forced to liquidate and close ALL of its American stores.
The implications of closing every Toys R Us store are serious, not just for the toy industry, but also for other shops in the strip malls where Toys R Us is the anchor store. Closing all 800 of the company’s stores — including those under the Babies R Us brand — is expected to have a devastating effect on foot traffic in these shopping malls.
We will update this article as more information becomes available.