Shoppers World Plaza, 1 Worcester Road, Framingham MAĤ923 28th Street South East, Grand Rapids MIĢ01 Silver Springs Rd., Cape Girardeau MOħ020 Arroyo Crossing Parkway, Spring Valley NVġ280 Rt. Lucie FLģ214 N John Young Pkwy., Kissimmee FL Alabamaġ2801 North Tatum Blvd., Paradise Valley AZĢ550 Canyon Springs Pkwy S., Riverside CAĨ65 Blossom Hill Rd., San Jose / Almade CAģ76 North Universal Drive, North Haven CTħ0 Worcester Providence Tpk/Rt. 436, Altamonte FLġ0732 SW Village Pkwy., Port St. The toy industry at large is also facing headwinds, with key manufacturers like Lego and Mattel struggling with declining sales. stores experiencing a sharper drop of 7%. The company's same-store sales fell 4.4% in the quarter ended October, with its U.S. Toys "R" Us has suffered from fierce competition from fellow retailer Walmart and online giant Amazon that left it reeling under $5 billion in debt. Melanie Teed-Murch, president of Toys "R" Us Canada, said in a statement that all 83 locations there would continue operating as usual. Several other stores will be converted into co-branded Toys "R" Us and Babies "R" Us outlets, Brandon added. "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," he said. The planned closures, which need court approval, are expected to begin early next month and be mostly completed by the end of April, Toys "R" Us CEO Dave Brandon said in a message to customers posted on the company's website. The filing Tuesday by the company's lawyers said the decision to shut so many stores was prompted by increased competition and a shift by customers toward online shopping. Over nearly seven decades in business, Toys "R" Us has built up 1,600 stores around the world. in which store closings across the country hit a record. The news comes after a brutal year for retailers in the U.S. Lucie - 10732 SW Village Parkway (Babies 'R' Us location) Royal Palm Beach - 450 South State Road 7.Boca Raton - 21697 State Road 7 (Babies 'R' Us location).The troubled retailer, which declared bankruptcy in September, is looking to close down as many as 182 outlets across the country, according to a court filing late Tuesday.Ĭourt documents show that three of the stores scheduled to close are in the WPTV viewing area including: Olive NJġ08 Veterans Memorial Highway, Commack NYĢ661 Miamisburg-Centerville Rd., Dayton OHģ610 West Dublin-Granville Rd., Dublin OHģ700 William Penn Highway, Monroeville PAġ8/Valley View Dr.(CNN Money) - Toys "R" Us is planning to shutter a fifth of its U.S. Kids World 900 Center Drive, Elizabeth NJĥ0 International Drive South, Mt. The president of Toys R Us Canada, Melanie Teed-Murch, said in a separate memo that the 83 locations in Canada won't be impacted by Tuesday's news.ġ2801 North Tatum Blvd., Paradise Valley AZĢ550 Canyon Springs Pkwy S., Riverside CAĨ65 Blossom Hill Rd., San Jose / Almade CAģ76 North Universal Drive, North Haven CT Toys R Us has said it's focused on improving the in-store and online shopping experience and is also planning to revamp its loyalty program to appeal to more consumers. The toy chain faces increased competition from the likes of Amazon, Walmart and Target, and it's struggled meeting consumers' needs online. Just four months ago and before the holiday shopping season, Toys R Us filed for bankruptcy protection as its sales were waning and debt was piling up. The Wayne, New Jersey-based retailer added that a number of its existing locations will be co-branded as Toys R Us and Babies R Us stores. "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." "The reinvention of our brands requires that we make tough decisions about our priorities and focus," Chairman and Chief Executive Officer David Brandon wrote Tuesday in a memo to customers. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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