search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoff“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal
South Florida

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

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.

Sign Up for the undefined Newsletter

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.