It seems that the writing is on the wall for Toys R Us. With consumer demand changing it now seems likely that the retailer will close all of its stores in the United States. The Wall Street Journal reports that the company has already told its workers that it’s likely that they will close all of their stores in the United States. This will come as a huge blow to many.
“Toys ‘R’ Us Inc. told employees Wednesday the struggling big-box retailer will sell or close all its U.S. stores, a collapse that threatens up to 33,000 American jobs in the coming months.
The 70-year-old chain, which filed for bankruptcy protection in September, has more than 700 remaining U.S. locations, including Babies ‘R’ Us stores.”