Toys R Us to sell or close all stores in United States
Company plans to file liquidation papers Wednesday night
DETROIT – Toys R Us is planning to sell or close all 800 of its stores across the country, including Babies R Us.
According to the Wall Street Journal, CEO David Brandon said the company plans to file liquidation papers Wednesday night in advance of a bankruptcy hearing Thursday.
The news comes six months after the retailer filed for Chapter 11 bankruptcy.
The closures are expected to happen over time and will affect as many as 33,000 employees.
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