US: Toys R Us could close a further 200 stores

The news arrives after the retailer detailed its plans to close down 182 of its most underperforming stores in the country last year.
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Ailing toy retailer Toys R Us is reportedly making preparations to shutter a further 200 stores across the US.

The news arrives after the retailer detailed its plans to close down 182 of its most underperforming stores in the country last year.

Plans for the closures are still in the works, and the actual number of sites to be closed is subject to change, says the Wall Street Journal, citing people familiar with the matter.

The news of planned further closures comes after Toys R Us filed for bankruptcy in September. At the time it had 1,600 stores worldwide, 800 of them in the US. The additional closures are thought to be the result of a disappointing holiday season.

In January, the company had promised severance to all of the employees at the affected stores. It has since reversed that promise and will be offering no compensation for store-level employees that are laid off through store closures.

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