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Bankrupt Toys ‘R’ Us Weighs Closing at Least 100 Stores

Submitted by jhartgen@abi.org on

Toys ‘R’ Us Inc., which filed for bankruptcy in September, is considering closing at least 100 U.S. stores in the face of weak holiday sales, Bloomberg News reported. U.S. sales have declined about 15 percent this Christmas-shopping season from a year earlier. The number of closed stores could reach approximately 200, but a final decision has not been made. The Wayne, N.J.-based company operated 879 U.S. stores as of the end of January, according to its last annual report.