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Toys R Us Will Shutter Local Stores

by admin on 3rd-February-2018


Last week Toys R Us announced it will close 182 stores nationwide as it struggles to find a way out of its Chapter 11 Bankruptcy filing, by way of its bankruptcy reorganization plan. The greatest impact of the closures will be felt in Southern California, where fifteen stores are scheduled to close by the end of April. Three stores will be shuttered in the inland region as follows: the Riverside facility at 2550 Canyon Springs Pkwy. South, the Corona location at 3665 Grand Oaks, and the Indio store at 42500 Jackson Street. According to reports, Toys R Us who for years dominated the retail toy industry, is now 7.5 billion dollars in debt.

Category: News Brief.
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