Toys R Us Closing 182 Stores, 4 In Minnesota
Toys R Us in its bankruptcy reorganization plan has decided to close 182 stores nationwide, including 4 in Minnesota. A number that represents about 20% of their stores.
If they can get some better lease arrangements in some locations, some stores may stay open. Going-out-of-business sales are scheduled to begin in February and be completed in April.
The Company is also planning to convert a number of locations into combined Toys R Us and Babies R Us stores.
Toys R Us is another of a series of chain stores(Macy's, J.C. Penney, Sears, Kmart) seeing a decline in business in their brick and mortar stores and more folks going to online shopping.
The four stores to be closed in Minnesota are:
Minnetonka 14100 Wayzata Blvd. MN
Blaine 170 89th Ave. MN
Woodbury 8236 Tamarack Village MN
Richfield 900 West 78th Street South MN