The financial story of Toys ‘R’ Us has been well documented and it appears that the company has officially reached a crossroads as CNBC is reporting the company will be closing nearly 200 of its retail store locations across the United States.
Toys R Us is planning to shutter roughly 180 stores across the country, or about one-fifth of its U.S. store fleet, in a bid to restructure the company and emerge from bankruptcy protection.
“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. “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 list of stores that have been selected for closure can be found here.
What this means for the future of Star Wars “Force Friday” shopping events and the days of collectors browsing the aisles of their local TRU remains to be seen.
