Toys 'R' Us to shut about 180 US stores in bid to exit bankruptcy
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New York
TOYS "R" Us Inc is planning to close about 180 US stores as part of a reorganisation plan to emerge from its September bankruptcy, according to a court filing.
The move to shutter about 20 per cent of its US store base, which needs court approval, comes four months after the world's largest toy chain filed for protection from its creditors, a response to years of lacklustre results and an unsustainable US$5 billion debt load. The closures will begin next month, with Babies "R" Us locations accounting for at least half.
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