Toys R Us is preparing to close most or all of its 735 U.S. stores, according to a news release from the company.
"I am very disappointed with the result, but we no longer have the financial support to continue the company’s U.S. operations," said Dave Brandon, chairman and CEO. "We are therefore implementing an orderly process to shutter our U.S. operations and will pursue going concern sales or reorganizations of certain of our international businesses, while our other international businesses consider their options."
Toys R Us entered bankruptcy in September and announced the closing of 180 U.S. stores in January.
Toys R Us is working out a proposal to keep open roughly 200 of its "top performing" U.S. stores by combining them with its Canadian operations.
