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Toysrus America Company Expects To Close About 180 Stores From Bankruptcy

Jan 31, 2018

According to Reuters, toysrus American company (Toys R Us Inc.) said that in the next few months to close about 1/5 stores in the United States, because the chain supermarket toy retailers may face the largest bankruptcy case history.

The company's chief executive officer David - Brandon (David Brandon) said in an open letter on the company's website , "closed about 180 stores in the United States will begin in early February until mid April."

In 2017 before the holidays, toysrus in the United States and Canada company filed for bankruptcy protection, the long-term debt restructuring of its $5 billion, the public of its 64 thousand employees and nearly 1600 stores in the future that are worrying.

The bankruptcy brought its two biggest supplierc toy manufacturers Mattel Inc (Mattel, MAT) and Hasbro Inc (Hasbro, HAS) a headache. In 2016, toysrus is the second largest customers of Mattel, accounting for 11% of total sales.

Toysrus company plans to complete the magnificent transformation in 2018, from bankruptcy protection, the remodeling stores efforts will affect other retailers about experiential shopping and e-commerce.

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