Amherst Toys R Us among 180 closing stores

Toys R Us to shutter as many as 180 stores including some in Texas

Toys R Us to shutter as many as 180 stores including some in Texas

Toys R Us, which also operates the infant- and toddler-focused Babies R Us chain, has set aside more than $400 million out of its $3.1 billion in bankruptcy loans for sprucing up stores over the next three years with more experiences and better-paid staff.

Late previous year, Toys" R " Us filed for Chapter 11 bankruptcy protection in the US.

According to Brandon, the store closings will begin in early February, with the majority of locations closing in mid-April. The plan was to take the company public again, but weak sales prevented that from happening.

He acknowledged some missteps in the crucial holiday shopping season.

In Canada, Toys R Us "will be taking additional steps to improve the overall customer omnichannel experience with compelling promotions, continued improvements to mobile and digital marketing and enhancements to our baby registry and loyalty programs", Teed-Murch explained.

Toys R Us wants to hire Tiger Capital Group, Hilco Merchant Resources and Gordon Brothers Retail Partners to conduct the liquidation sales.

With files from the Canadian Press.

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The full list of closures is below. "There's always an online outlet for things, but it's sometimes nice to have a close, local retail location you can go to in case of an emergency or just on short notice".

Likins says he remembers playing with the video games and trying out bikes with his brothers at Toys R Us, and liked continuing that with his child.

About half the store closures are Babies "R" Us locations, including the one at Oakview Mall in Omaha. Being saddled with debt meant Toys "R" Us couldn't invest the way it needed to invest to pull ahead. There were also rumors previous year of the company shifting its focus more to in-store experiences, be it party spaces or VR demonstrations.

Wissink estimates that Toys R Us accounts for about 11 percent of Mattel's annual sales and about 9 percent of Hasbro's annual volume.

"The storm clouds have been gathering for a long time", said Adamson.

The company, which filed for bankruptcy protection in September, cited increased competition and a shift in customers moving away from traditional brick-and-mortar stores to shopping online for the decision to shutter the stores.

Toys R Us has proposed closing about one-fifth of its USA stores, calling the move a "critical component" of its plan to emerge from bankruptcy. The company, which owes billions to creditors and toy makers, also is closing 25 stores in the United Kingdom.

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