BREAKING NEWS

Western New Jersey

Toys R Us, hobbled by competition, will shutter some stores

Toys R Us will begin closing a number of its stores starting in February.

Hobbled by $5 billion in debt, the company that once dominated toy sales in the U.S. filed for bankruptcy protection in September.

Chairman and CEO Dave Brandon said in a letter Wednesday that tough decisions are required to save Toys R Us.

Documents show 180 stores will be closed, including one in Montgomery County and Chester County. The Toys R Us at Route 22 and St. James Avenue in Phillipsburg, New Jersey will also be closed.

Brandon said that the majority of the targeted stores will be closed by mid-April and that there will be deep discounts at those locations.

Toys R Us is based in Wayne, New Jersey.


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