WNY Babies "R" Us on list of stores planned to close

WNY Babies

The Toys R Us closings would be especially hard on Matteson, which also recently learned it would be losing its Sam's Club store, effective Friday. The company stated that their 1,600 brick and mortar stores were "mostly profitable" at that point in time and did not announce any location closures.

Toys "R" Us filed for chapter 11 bankruptcy protection in September, hurt by competitors including Wal-Mart Stores Inc. and Amazon.com Inc.

The company filed for bankruptcy in September, joining dozens of other store chains that did so past year as online shopping increasingly becomes the means for buying, The Associated Press reported.

The 180 stores closing had $925 million in sales a year ago and were a drain on liquidity, generating only $2.4 million in earnings before interest, taxes and other items. The real estate plans must be approved by the bankruptcy court, according to documents.

Here are a few other facts about Toys " R " Us. They are pledging to improve the online and in-store shopping experience for customers.

Around a dozen stores will be converted into co-branded Toys "R" Us and Babies "R" Us stores.

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One analyst has already speculated Target is positioned to be the biggest victor as Toys R Us closes some of its USA stores, considering the big-box retailer's proximity to the toy chain's locations.

He acknowledged "operational missteps" during the critical holiday shopping season when shopping at its stores and online wasn't as easy as it should have been. They would begin early next month and continue through the end of April.

Toys "R" Us chief executive David Brandon stated that restructuring their business requires them to make tough decisions about their priorities and focus.

As of now, it's unclear which Toys R Us stores will be converted to accommodate Babies R Us customers. The plan had been to take the company public again, but weak sales have prevented that.

The company filed for bankruptcy protection just ahead of the 2017 holiday season in the United States and Canada to restructure $5 billion of long-term debt, casting doubts over the future of its 64,000 employees and almost 1,600 stores.

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