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


Toys R Us plans to close another 200 stores, cut more jobs

Toys "R" Us is planning to close 200 more stores, according to the Wall Street Journal.

The company declared bankruptcy in September and already announced its closing 180 stores in the United States, including stores in Palm Beach and St. Lucie counties.

New Jersey-based Toys R Us announced that it had filed for bankruptcy protections on January 23.

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

Read the complete Wall Street Journal report here (subscriber content).

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To go along with the report of Toys R Us closing more stores is talk about what it plans to do with its employees.

Record has learned that Toys R Us plans to hold a staff meeting today at its Wayne headquarters.

Toys "R" Us has struggled with debt since private-equity firms Bain Capital, KKR & Co. and Vornado Realty Trust took it private in a $6.6 billion leveraged buyout in 2005.

The Journal cites people familiar with the matter who said that the additional store closures are connected to disappointing holiday sales.

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