The Canadian arm of Toys “R” Us Inc stated on Tuesday that about one hundred eighty of its shops might be shut in america within the coming months, because the toy retailer chain tries to emerge from one of many largest ever bankruptcies by a speciality retailer.
All eighty three Toys “R” Us (Canada) Ltd shops will stay open for enterprise as standard, stated the president of the Canadian unit, Melanie Teed-Murch, in a letter to clients.
The corporate filed for Chapter eleven chapter safety in September, simply forward of the essential vacation season, to restructure $5 billion of lengthy-time period debt, casting doubt over the way forward for its sixty four,000 staff and almost 1,600 shops.
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