Toys R Us reportedly will Close all if its U.S. stores

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Bloomberg is reporting that Toys “R” Us is preparing to shut down its U.S. operations and liquidate its assets.Toys R Us

The retailer entered bankruptcy last year with $5 billion in debt. Their sales were hammered during the past holiday season.

In January of 2018, Toys “R” Us closed 6 stores in Michigan.  Those stores were:

  • Ann Arbor: Babies R Us at 3725 Carpenter Road
  • Ann Arbor: Toys R Us at 3725 Washtenaw
  • Grand Rapids: Babies R Us at 4923 28th Street South East
  • Lansing: Babies R Us at  5900 W. Saginaw Highway
  • Muskegon: Toys R Us at 5363 Harvey Street
  • Traverse City: Toys R Us at 2620 Crossing Circle MI

The chain operates 866 Toys R Us and Babies R Us stores in the United States and Puerto Rico, more 750 international stores and more than 245 licensed stores in 37 countries and jurisdictions.

Those stores employ about 60,000 people – up to 100,000 during the holiday season. There are still hopes that a buyer will emerge to keep some of the business operating.

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