Toys R Us to close up to 200 stores

Toys R Us to close up to 200 stores

Toys R Us to close up to 200 stores

Toys "R" Us is considering closing at least 100 USA stores after struggling with weak sales during the critical holiday season, people familiar with the situation told Bloomberg.

A new report claims that Toys R Us is considering closing up to 200 of its 879 locations in the U.S.

Same-store sales in the USA declined 7 percent compared with a year earlier, according to a statement Tuesday from the Wayne, New Jersey-based company. Merchandise is sold through 885 Toys "R" Us and Babies "R" Us stories in the U.S., Puerto Rico and Guam, and in more than 810 global stores and over 255 licensed stores in 38 countries and jurisdictions.

"Final decisions about our real estate portfolio will be done only after careful consideration about the best interests of our business", spokeswoman Amy von Walter said.

The New-Jersey based chain operates 879 stores in the US, including 10 in Alabama.

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