Toys R Us Set to Close 180 Stores
In September of last year, toy retail giant Toys R Us filed bankruptcy. It's totally understandable, brick and mortar retail stores have been struggling to compete with online sales for years. Rumors of the closings have been circling for months now on news that Toys R Us has been falling behind to retailers that offer just as many toys, but also sell household items and groceries. Target, Wal-Mart, and Amazon have transformed the way America does retail, and the mightiest Toy store in the world just cant keep up.
Louisiana and Arkansas will only lose one store each (Slidell and Little Rock respectively), while Texas has a total of 8 stores closing as soon as early February. In total, more than 180 stores will be shutting their doors - that's roughly one fifth of all Toys R Us stores. According to CNBC, the company will take this time to focus on restructuring for a better customer experience in the store and online.