Toys R Us, hobbled by competition, will shutter some stores

NEW YORK (AP) - Toys R Us, squeezed and huge chains like Walmart, will begin closing a number of its stores starting in February.

The Springfield and Joplin stores do not show up on the list. But several in Missouri and Arkansas do show up. Click HERE to read the list of stores.

Hobbled by $5 billion in debt, the company that once dominated toy sales in the U.S. filed for bankruptcy protection in September.

Chairman and CEO Dave Brandon said in a letter Wednesday that tough decisions are required to save Toys R Us.

The letter also didn't disclose how many stores would be closed and the company did not immediately return a message seeking details.

Brandon said that the majority the targeted stores will be closed by mid-April and that there will be deep discounts at those locations.

Toys R Us is based in Wayne, New Jersey.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Read the original version of this article at