WATCH: Bankrupt Toys R’ Us weighs shuttering more than 100 stores
After filing for bankruptcy in early September, former toy giant Toys R’ Us is reportedly considering closing at least 100 stores. Based out of Wayne, New Jersey, the company operates 879 stores nation wide as of January, 2017. Insider sources report that holiday sales have plummeted up to 15% from last year and Toys R’ Us is consequently considering the closure of up to 200 stores. Though spokespeople for Toys R’ Us downplayed the rumors, major toy suppliers Mattel and Hasbro saw session lows just this week. With brick and mortar retailers all over sweating the rise of online shopping, Toys R’ Us is looking to reduce its store space and refocus on smaller and digital operations.