US: Toys R Us could close a further 200 stores - ToyNews

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.
Author:
Publish date:
Social count:
10
Screen Shot 2018-02-16 at 14.36.19

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.

Related

Featured Jobs

Gameplan Job Logo 620 x 349

Sales Director UK

Our client is a well established privately owned UK toy manufacturer which has won numerous awards for outstandingly innovative toys, gifts and gadgets. A correspondingly outstanding and talented UK Sales Director is to be recruited who has the potential, the will, the drive and the ambition to advance to a higher position within a few years.

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.