Toys "R" Us May Be Shutting Down Stores Worldwide Following Bankruptcy Filing

All U.K. stores will be closed in the next six weeks.

Entertainment
3,382 Hypes

In January, it’s reported that Toys “R” Us has started closing a number of its U.S. locations after the company filed for bankruptcy back in September 2017. According to BBC, the situation has now gone worse as the retailer failed to secure a buyer for its 100 stores in the U.K. So far, 25 stores in the country have either been shut down already or due to close doors, with all of the other shops set to be closed within the next six weeks. In the same report, it’s also stated that Toys “R” Us may begin closing its 800 U.S. stores as soon as this week.

In an interview with The Wall Street Journal, the company’s CEO David Brandon reveals that stores in Australia, France, Spain and Poland will also likely be liquidated. Additionally, the conglomerate is considering selling its operations in Canada, Central Europe and Asia. Stay with us for more updates on the company’s next move.

Read Full Article
More

What to Read Next

Burberry's New Fresh Glow Gel Stick Is a Concealer & Foundation All-In-One
Beauty

Burberry's New Fresh Glow Gel Stick Is a Concealer & Foundation All-In-One

Modeled by English beauty Iris Law.
1,882 Hypes


We're Really Obsessed With HAI SWIM's Spring/Summer 2018 Collection
Fashion

We're Really Obsessed With HAI SWIM's Spring/Summer 2018 Collection

Experimental and eco-friendly.
6,958 Hypes


H&M Finally Drops Lawsuit Against Graffiti Artist REVOK
Fashion

H&M Finally Drops Lawsuit Against Graffiti Artist REVOK

A shocking turn in events.
1,213 Hypes

Ariana Grande Stars in Reebok's Spring/Summer 2018 Campaign
Footwear

Ariana Grande Stars in Reebok's Spring/Summer 2018 Campaign

The pop star sports the new Classic Leather Flexweave.
2,513 Hypes

7 Affordable Fanny Packs for Every Mood & Outfit
Fashion  

7 Affordable Fanny Packs for Every Mood & Outfit

Nike, Champion and adidas all for under $50 USD.
25,710 Hypes

More ▾