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735 Toys ‘R’ Us Stores Are Closing

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Joshua B.

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735 Toys ‘R’ Us Stores Are Closing

Toys ‘R’ Us is closing down.

Toys ‘R’ Us is closing down.

Image credited to wikimedia.

Toys ‘R’ Us is closing down.

Image credited to wikimedia.

Image credited to wikimedia.

Toys ‘R’ Us is closing down.

After filing for bankruptcy back in September, Toys ‘R’ Us is closing down. All 735 of its remaining locations will be shutting down, leaving 31,000 workers unemployed. The shift towards online shopping and electronic games lowered Toys ‘R’ Us’s income, increasing their debt. Eventually, they ran out of money, causing them to shut down all of their shops.

“We’re actually seeing a competitive job market in retail that really is unprecedented,” said Portell. “You have workers choosing between employer A and employer A. Toys “R” Us didn’t have the financial ability to offer that kind of competitive package.”

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About the Writer
Joshua B., Writer

Joshua B. is a 7th grade staff member of the Day Creek Howl. In his free time, he enjoys to watch TV and play video games. His favorite restaurant is Olive...

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735 Toys ‘R’ Us Stores Are Closing