Toys R Us is reportedly closing another 200 stores and laying off more workersToys R Us is reportedly planning to close another 200 stores and lay off more workers.
The retailer plans to close an additional 200 locations and lay off "a significant portion of its corporate staff," people familiar with the matter told The Wall Street Journal.
Toys R Us previously announced that about 170 stores would be shuttered by April, resulting in 4,500 workers losing their jobs. The 200 newly reported planned closures will be in addition to the April closures, and likely impact even more in-store workers in addition to corporate staff.
...
The company filed for bankruptcy in September. If Toys R Us closed an additional 200 stores in the US, it would cut its domestic retail operation in half — from roughly 800 in September, to just 400.
Excerpt. More at:
http://www.businessinsider.com/toys-r-us-reportedly-closing-another-200-stores-laying-off-workers-2018-2
