Toys “R” Us could close as many as
200 locations

TRD New York /
Dec.December 18, 2017 06:00 PM

Toys “R” Us is reportedly considering closing 100 to 200 U.S. stores, according to Bloomberg.

The toy chain’s sales during the critical holiday season have declined 15 percent, compared to last year, Bloomberg reported, citing anonymous sources who were briefed on the matter.

Toys “R” Us spokeswoman Amy von Walter referred to the report as “speculation.”

“Final decisions about our real estate portfolio will be done only after careful consideration about the best interests of our business,” she said. “Any speculation on that figure is premature and likely to be inaccurate.”

Toys “R” Us filed for bankruptcy in September. If the company closed 200 stores, that would represent about 22% of its total store base in the US.


Related Articles

arrow_forward_ios

Small Talk: Every community meeting. About every development project. Ever.

A Victoria's Secret store in New York (Credit: Getty Images)

Victoria’s Secret sues WTC landlord amid store closures and layoffs

WeWork founder scrambled for $100M loan before $1.7B bailout

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Retail ruh-roh: Mall REITs take hit following Forever 21 bankruptcy

For mall owners like Simon, Brookfield and Vornado, Forever 21 bankruptcy signals more trouble ahead

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

arrow_forward_ios