Toys 'R' Us Plans to Close Another 200 Stores

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Toys R Us is reportedly planning to close another 200 stores, as well as lay off a "significant portion" of corporate workers. Soon after, it announced that it would close up to 182 stores, or up to one-fifth of the company's total number of US retail locations.

The new store closings would be on top of those previously announced.

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New Jersey-based Toys R Us announced that it had filed for bankruptcy protections on January 23.

To go along with the report of Toys R Us closing more stores is talk about what it plans to do with its employees. Locations in Albany, Clay, Clifton Park, Hamburg, New Hartford, Johnson City and Rochester were spared. It filed for bankruptcy in September 2017, and executives have said they plan to emerge as a more modern retailer before the next holiday shopping season. Toys R Us did not immediately respond to Business Insider's request for comment.

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CNBC reported on Wednesday that Toys R Us was in danger of being forced into liquidation by a lender.

The company pushed back against the report, saying it was "full of speculation", according to USA Today. At that point, it had about 1,600 stores around the world, 800 of those in the United States.

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