BUSINESS Toys 'R' Us could shut all US stores, risking 33,000 jobs

BUSINESS

Toys 'R' Us could shut all US stores, risking 33,000 jobs

Reuters

06:31, March 15, 2018

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People pass by the Toys R Us store at Times Square in New York, US, March 9, 2018. (Photo: Reuters)  

Toys ‘R’ Us Inc will sell or close all its US stores in the coming months, risking up to 33,000 jobs, the Wall Street Journal reported on Wednesday.

The announcement was made to workers by Chief Executive David Brandon at the toy-store chain's Wayne, New Jersey headquarters, the Journal said.

The closure of Toys ‘R’ Us would be a blow to generations of consumers and hundreds of toy makers that sold their products at the chain’s 885 US locations, including Barbie maker Mattel Inc, board game company Hasbro Inc and other large vendors such as Lego.

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