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
Clear
64° wxIcon
Hi: 78° Lo: 60°
Feels Like: 64°
Brookings
Overcast
61° wxIcon
Hi: 65° Lo: 55°
Feels Like: 61°
Crater Lake
Clear
62° wxIcon
Hi: 76° Lo: 48°
Feels Like: 62°
Grants Pass
Broken Clouds
61° wxIcon
Hi: 78° Lo: 60°
Feels Like: 61°
Klamath Falls
Clear
62° wxIcon
Hi: 81° Lo: 45°
Feels Like: 62°
Cool and Damp Wednesday
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events

Latest Video

Image

Wednesday, August 21 morning weather

Image

Yreka High freshmen ready for high school

Image

Help send Yreka High's Vocal Ensemble to Carnegie Hall

Image

Yreka High School students start their first day of school

Image

Veteran fire crew heads to Alaska to fight fires

Image

Suspect on the run after eluding police twice in one night

Image

3rd Tuesday

Image

back to school yreka

Image

Daily J! - Wedding Bells

Image

Tuesday, August 20 evening weather