Toys R Us is set to close around 20% of its retail stores across the country this year. The move comes after the company filed for bankruptcy protection in September. CNBC reports that Dave Brandon, the company’s chairman, and CEO, confirmed the news in a letter to customers.
In bankruptcy documents, the company blames increased competition and a shift to customers shopping online. They say they plan to close up to 182 underperforming stores, which make up around 6.9 million square feet of retail space.
Along with closing locations, the company will also convert a number of locations into combination Toys R Us and Babies R Us stores. They expect the store closings to start in early February, and the majority of closing locations will shutter in mid-April. That means there will be deep discounts and deals at those closing stores this spring. Toys R Us will continue to honor registries, warranties, and loyalty programs, and will sell and accept gift cards as usual.
Toys R Us isn’t alone. Around three dozen retailers sought bankruptcy protection last year due in large part to a radical shift in consumer behavior, both in where they shop, and what they buy. Some of the companies that have gone under have been small, but there are also big retailers on the list, like Payless Shoe Source, Gymboree, and True Religion jeans.
Tuscaloosa, 2600 McFarland Blvd. East
Birmingham, 335 Summit Boulevard
Yuma, 801 W. 32nd Street
Paradise Valley, 12801 North Tatum Blvd.
Scottsdale, 9139 Indian Bend Rd.
Tucson, 4619 N. Oracle Rd.
Scottsdale, 7000 E. Mayo Blvd.
Mesa, US 60 and Signal Butte Rd.
Little Rock, 2616 S. Shackleford Rd.
Fort Smith, 5609-E Rogers Ave.
Indio, 42500 Jackson St.
Simi Valley, 1189 Simi Town Ctr Way
Santa Clarita, 26573 Carl Boyer Dr.
Covina, 960 Lakes Drive
Puente Hills, 1600 S. Azusa Ave.
Brea, 2575 E. Imperial Highway
Westminster, 530 Westminster Mall
Torrance, 20120 Hawthorne Blvd.
Riverside, 2550 Canyon Springs Pkwy S.
Yuba City, 700 “A” Onstott Rd.
Folsom, 2785 E. Bidwell St.
Pinole, 1330 Fitzgerald
Pittsburg, 4505 Century Blvd.
San Rafael, 600 Francisco Blvd.
Brentwood, 5461 Lone Tree Way
Fairfield, 1400 Gateway Blvd.
Emeryville, 3938 Horton
East San Jose, 2179 Monterey Hwy.
San Jose, Almade865 Blossom Hill Road
Fresno, 3520 W. Shaw Ave.
Union City, 31250 Court House Drive
Stockton, 10640 Trinity Pkwy.
Santa Ana, 3900 Bristol St.
Corona, 3665 Grand Oaks CA
Mission Bay, 1240 W. Morena Blvd.
Mira Mesa, 8181 Mira Mesa Blvd.
Vista, 1990 University Drive
Aurora, 1150 S. Ironton
North Haven, 376 North Universal Drive
Waterbury, 275 Union St.
Newington, 3491 Berlin Turnpike
Manchester, 169 Hale Road
1 of 2 Next
*FAQs at the bottom of article* UPDATED 3/28/2024 Set in a Nazi Germany prisoner-of-war camp…
Marching into the country music scene in 1975, Reba McEntire can easily say her career…
After a brief hiatus, Bruce Springsteen returned to the stage last week. With a dynamic…
It's the alliance of two giants in their respective fields. On Tuesday, both McDonald's and…
When one door closes, a decades-long debate begins. 1997's Titanic featured one iconic scene after…
*FAQs at the bottom of article* UPDATED 3/27/2024 Forget about your cares, it is time…