Published: Fri, February 23, 2018
Money | By Hannah Jacobs

Toys R Us planning to close even more stores

Toys R Us planning to close even more stores

Ailing toy retailer Toys R Us is reportedly making preparations to shutter a further 200 stores across the US.

The Journal cites a subpar holiday season as one of the main reasons behind the additional closings.

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. The Journal also reports Toys "R" Us is now telling workers that there is no severance pay if they are let go.

There is no list of stores expected to close in the new round yet. Locations in Albany, Clay, Clifton Park, Hamburg, New Hartford, Johnson City and Rochester were spared. The 200 newly reported planned closures will be in addition to the April closures, and likely impact even more in-store workers in addition to corporate staff. Toys R Us did not immediately respond to Business Insider's request for comment.

"The reinvention of our brands requires that we make tough decisions about our priorities and focus", said Dave Brandon, chairman and CEO of Toys R Us, in an open letter published at that time.

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