Daily News: January 24, 2018

Toys ‘R’ Us to Shutter 180 Stores


As part of the Toys “R” Us restructuring, the company will be closing 180 stores. According to documents filed with the U.S. Bankruptcy Court of the Eastern District of Virginia, Tiger Capital Group, Great American Group, Gordon Brothers Retail Partners and Hilco Resources will be conducting the liquidation.

In a letter to customers on the Toys “R” Us website, Chairman and CEO Dave Brandon said that store closings will begin in early February with the majority of locations closing in mid-April 2018. He added that customers can continue to shop online at both Toys “R” Us and Babies “R” Us, and gift cards will be honored online and at all stores.