April 17, 2024 11:57 pm
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Toys R Us closing 182 stores, 6 in Arizona, Here’s the list

Real Estate Daily News

Toys R Us is planning to close up to 182 stores, which represents about 20% of its locations in the US.

The toy chain will start going-out-of-business sales in February, and the stores will close in April.

“The reinvention of our brands requires that we make tough decisions about our priorities and focus,” Toys R Us CEO David Brandon wrote in a memo to customers on Tuesday. “The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company.”

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.