Six months after filing for bankruptcy, Toys "R" Us plans on selling or closing its 800 stores in the United States, a person with knowledge of the matter told The Washington Post.
The company announced Wednesday that it will shut down all 100 of its stores in the United Kingdom. The toy retailer has had difficulty competing with Amazon and Walmart, and in January, it announced it was closing 182 U.S. stores. Toys "R" Us was founded six decades ago, and employs about 33,000 people. The closures are not expected to happen all at once, the Post reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Escape to the Scottish countryside at Dunkeld House HotelThe Week Recommends Roam, revive and relax at this luxury hotel in a wooded riverside Perthshire estate
-
Liverpool's Anfield redemption: how did they do it?Talking Point Arne Slot's blueprint and standout player performances guide the Reds to record 20th league title
-
Codeword: April 29, 2025The Week's daily codeword puzzle
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
