Toys R Us planning to close 200 more stores


Toys R Us plans to close another 200 stores, cut more jobs

Ailing toy retailer Toys R Us is reportedly making preparations to shutter a further 200 stores across the US. The company had around 11,150 full-time workers and 21,300 part-timers.

That's on top of the almost 200 stores that announced they were closing several months ago. Its remaining Louisiana locations are in Metairie, Baton Rouge, Lafayette, Bossier City, Monroe and Lake Charles. Toys R Us will no longer be providing severance for its employees, according to The Journal, while a judge allowed the company to pay its top executives bonuses.

The Journal noted "a disappointing holiday sales season" as part of its report on the additional store closings.

The Wayne, N.J., retailer recently had announced plans to close about 180 stores, affecting approximately 4,500 workers.

"The reinvention of our brands requires that we make tough decisions about our priorities and focus", said Dave Brandon, chairman and CEO of Toys R Us, in an open letter published at that time.

Toys R Us has struggled in recent years, as budget retailers like Walmart and e-commerce giants like Amazon have begun selling more toys at greater discounts.

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