Wednesday, 14 March 2018 () Embattled toy retailer Toys 'R' Us is reportedly closing or selling all of its 800 stores in the United States. Referencing a source familiar with the matter, the Washington Post reported on Wednesday that the closures will affect as many as 33,000 jobs across the country. According to the report, Toys 'R' Us told its employees the closures will occur over time and not at once. The New Jersey-based company has four remaining locations in Hawaii, three Toys 'R' Us stores and one Babies 'R' Us…
Lego’s annual sales dropped for the first time in 13 years because it had a surplus of stock, the brick maker announced today.
Lego had “too much” merchandise both in stores and in its distribution centers last year, a spokesperson told the BBC. “There wasn’t enough room to get 2017 toys...
Toys R Us will close or sell each of its more than 700 locations in the US. In the company's most recent annual filing, it cities declining birth rates as a threat to sales. Births have decreased.. Source: Wochit Business -
On Saturday, Reuters reported that toy makers were reassured that they would be paid for goods delivered to Toys ‘R’ Us, after filing for Chapter 11 bankruptcy in September. Now those payments are.. Source: Wochit News -
With Toys R Us's announcement of their bankruptcy filing and imminent closure of all their stores, retail defaults and liquidations could exceed last year's record levels. According to Business.. Source: Wochit Business -
Future generations will no longer be “Toys 'R’ Us kids,” as the retail giant announces plans to shut down all of its U.S. stores after filing for bankruptcy. Now meet the woman who wrote the.. Source: InsideEdition -
Toys R Us officially filed liquidation papers this week. The toy chain will shutter or sell each of its 735 stores. Sales for the store have declined in recent years, due to competition and a rise in.. Source: Wochit News -
Toys "R" Us is closing or selling all of its 735 stores in the United States leaving about 31,000 people without jobs. The toy retailer originally filed for bankruptcy back in September with about $5.. Source: Rated Red - Production -
Legendary toy retailer Toys "R" Us is planning to close or sell all US stores. This would mean 800 stores, which employ about 33,000 people. In January the company announced it would only close 182 US.. Source: Wochit -