Toys R Us to close additional 200 stores, reports Wall Street Journal

Andrew Cummings
February 23, 2018

The total closures would affect nearly 45 percent of Toys R Us U.S. footprint.

Toys R Us is now reportedly set to close 44 percent of its stores across the U.S.

The Wayne, N.J., retailer recently had announced plans to close about 180 stores, affecting approximately 4,500 workers.

There is no list of stores expected to close in the new round yet.

The store closings began this month.

If the almost 400 Toys R Us closures are realized, it would slash the company's store count in half.

The Toys R Us store in Slidell is among those slated for closure in the January announcement.

The company filed for bankruptcy in September.

"The reinvention of our brands requires that we make tough decisions about our priorities and focus", said Dave Brandon, chairman and CEO of Toys R Us, in an open letter published at that time. If Toys R Us closed an additional 200 stores in the USA, it would cut its domestic retail operation in half - from roughly 800 in September, to just 400.

While its sales numbers have been shrinking, Toys R Us still sells about 20 percent of the toys bought in the USA, according to Stephanie Wissink, an analyst at Jefferies LLC.

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