Toys R Us has told all employees it plans to liquidate all U.S. operations after weak holiday sales. The Washington Post reports as many as 33,000 employees face layoffs after the chain failed to regain stable financial footing following a bankruptcy filing in September. The Wall Street Journal is also reporting that employees were notified remaining outlets will be sold or closed. This includes the Toys R Us on Empire Street in Bloomington.
Wednesday, March 14, 2018
Toys R Us to Close All Stores
Toys R Us has told all employees it plans to liquidate all U.S. operations after weak holiday sales. The Washington Post reports as many as 33,000 employees face layoffs after the chain failed to regain stable financial footing following a bankruptcy filing in September. The Wall Street Journal is also reporting that employees were notified remaining outlets will be sold or closed. This includes the Toys R Us on Empire Street in Bloomington.
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