Metro-East News

Toys R Us could close 182 locations nationwide

FILE - In this Sept. 19, 2017, file photo, shoppers walk into a Toys R Us store, in San Antonio. Toys R Us says it will be closing some U.S. stores and converting others to cobranded locations as it continues to deal with its financial restructuring following its bankruptcy filing.
FILE - In this Sept. 19, 2017, file photo, shoppers walk into a Toys R Us store, in San Antonio. Toys R Us says it will be closing some U.S. stores and converting others to cobranded locations as it continues to deal with its financial restructuring following its bankruptcy filing. AP Photo

Toys R Us plans to close up to 182 stores as part of a bankruptcy reorganization plan, according to court records filed late Tuesday.

A list of closures includes seven Illinois stores, according to a report in USA Today, but all are in the Chicago area.

The Toys R Us and Babies R Us stores in Fairview Heights will remain open.

However, USA Today reports four stores in Missouri will be closed, including two in the St. Louis area: Babies R Us at 5590 St. Louis Mills Boulevard in Hazelwood and Babies R Us at 220 THF Boulevard in Chesterfield.

The other two Missouri stores are in Columbia and Cape Girardeau.

“The reinvention of our brands requires that we make tough decisions about our priorities and focus,” said Toys R Us CEO Dave Brandon in a letter posted on the company’s website Tuesday night.

Company officials indicated that some closings may be avoided if it can negotiate more favorable lease terms, according to USA Today. But most stores on the list are expected to close.

Going-out-of-business sales are scheduled to begin in February and be completed in April.

Toys R Us will shrink its store fleet by about 20 percent if all 182 stores are closed, according to USA Today. In addition, the company intends to convert a number of locations into combined Toys R Us and Babies R Us stores.

Teri Maddox: 618-239-2473, @BNDwriter

  Comments