Deals
Bankrupt Toys ‘R’ Us Weighs Closing at Least 100 Stores
- Retailer is said to cope with declining holiday-season sales
- Toy-store chain filed for bankruptcy protection in September
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Toys “R” Us Inc., which filed for bankruptcy in September, is considering closing at least 100 U.S. stores in the face of weak holiday sales, according to people with knowledge of the situation.
U.S. sales have declined about 15 percent this Christmas-shopping season from a year earlier, according to people recently briefed on the matter, who asked not to be identified because the information isn’t public. The number of closed stores could reach approximately 200, one of the people said, but no decision has been made.