STREAMING NOW: Watch Now

Toys R Us, Hobbled by Competition, Will Shutter Some Stores

Toys R Us, squeezed by Amazon.com and huge chains like Walmart, will begin closing a number of its stores starting in February.

Posted: Jan. 24, 2018 7:27 AM

NEW YORK (AP) - Toys R Us, squeezed by Amazon.com and huge chains like Walmart, will begin closing a number of its stores starting in February.

Hobbled by $5 billion in debt, the company that once dominated toy sales in the U.S. filed for bankruptcy protection in September.

Chairman and CEO Dave Brandon said in a letter Wednesday that tough decisions are required to save Toys R Us.

The letter also didn't disclose how many stores would be closed and the company did not immediately return a message seeking details.

Brandon said that the majority the targeted stores will be closed by mid-April and that there will be deep discounts at those locations.

Article Comments

Medford
Overcast
61° wxIcon
Hi: 68° Lo: 51°
Feels Like: 61°
Brookings
Broken Clouds
52° wxIcon
Hi: 61° Lo: 49°
Feels Like: 52°
Crater Lake
Broken Clouds
49° wxIcon
Hi: 59° Lo: 43°
Feels Like: 46°
Grants Pass
Overcast
59° wxIcon
Hi: 68° Lo: 49°
Feels Like: 59°
Klamath Falls
Broken Clouds
49° wxIcon
Hi: 58° Lo: 42°
Feels Like: 46°
Warmer Memorial Day
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events

Latest Video

Image

Southern Oregon preps for decorated Oklahoma City

Image

Sunday, May 26th Evening Weather

Image

18 year old graduates college

Image

Sunday, May 26th Morning Weather

Image

Oregon Tech Eliminated at NAIA Softball World Series

Image

Upset Alert: SOU takes down top-ranked, defending champion Science & Arts

Image

Saturday, May 25 evening weather

Image

Bike Thefts Rise

Image

Martins Food Center Internet Speed

Image

Oregon Tech survives, breaks out to eliminate Valley City State