Toys 'R' Us Shutting Down All U.S. Stores?

Wochit - March 14, 2018

According to The Wall Street Journal, Toys ‘R’ Us will sell or close all its U.S.

stores in the coming months, risking over 33,000 jobs.

The announcement was made to workers on Wednesday by Toys 'R' Us Chief Executive David Brandon at the chain's main headquarters in Wayne, New Jersey.

The closures are also expected to be a blow to hundreds of toy makers that have sold their products at the chain’s nearly 900 U.S. locations, including Mattel, Hasbro, and Lego..

Advertisement

Recent related news

Toys 'R' Us is having trouble selling its massive fleet of stores. The Wayne, New Jersey-based toy chain put 140 stores on the auction block last week. According...
1 week ago • bizjournals

Isaac Larian's crowdfunding campaign to buy Toys 'R' Us stores will likely fall short, having so far raised $200 million in 22 days. The goal was $1 billion,...
6 days ago • bizjournals

Isaac Larian's crowdfunding campaign to buy Toys 'R' Us stores will likely fall short, having so far raised $200 million in 22 days. The goal was $1 billion,...
4 days ago • bizjournals

Bankrupt retailer Toys 'R' Us has rejected an $890 million offer for some of its U.S. stores and locations in Canada, according to The Wall Street Journal. Last...
2 days ago • bizjournals

Recent related videos


Reuters Studio -   ▶  00:49



Rated Red - Production -   ▶  01:06



KSBW -   ▶  02:02


You might like