Toys R Us May Close Up to 200 Stores
- 7 years ago
Toys R Us May Close Up to 200 Stores The struggling toy chain went bankrupt in September and is now facing a startling realization as sales have declined 15 percent this holiday season, anonymous sources told Bloomberg. Final decisions about our real estate portfolio will be done only after careful consideration about the best interests of our business," she said. "Any speculation on that figure is premature and likely to be inaccurate If the figure is correct, the 200 stores would represent 22 percent of its total store base in the U.S. Shares of two key Toys R Us suppliers, Mattel and Hasbro, have suffered as a result of closure talks. Mattel declined as much as 4.5 percent Monday to $14.78, while Hasbro dropped 3.2 percent to $91.02.