Toys R Us getting ready to clear the playing field

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The closing of the company’s U.S. stores over the coming months will finalize the downfall of the chain that succumbed to heavy debt and relentless trends that undercut its business, from online shopping to mobile games.(MONTCO.Today file photo)

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.

To read the complete story click here.

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