Toys R Us getting ready to clear the playing field
Iconic toy retailer Toys R Us is moving toward the closure of its U.S. operations. The closing of the company’s 735 stores will impact an estimated 30,000 employees nationwide and bring an end to a chain known to generations of children and their parents.
In Pennsylvania, the company operates 55 Toys R Us and Babies R Us stores. Ten of the stores are located in Montgomery, Chester, Delaware and Berks counties, writes Donna Rovins in The Times Herald.
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When Toys R Us filed for Chapter 11 bankruptcy protection last fall — saddled with $5 billion in debt that hurt its attempts to compete as shoppers moved to Amazon and chains like Walmart — it pledged to stay open.
In January, the company announced plans to close 180 Toys R Us and Babies R Us locations, including the Babies R Us at 104 Bartlett Ave. in Exton. Liquidation sales at those affected stores were launched in early February, with store closings slated for sometime in April.
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