Real Estate and Retail

Toys R Us closing stores

January 24, 2018
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Toys R Us store exterior
Toys R Us was founded in 1948. Photo via wikimedia.org

Toys R Us is closing two stores in West Michigan.

The closings are part of the company’s plan to close 180 stores nationwide as it recovers from one of the largest bankruptcies by a specialty retailer, according to an article yesterday by Reuters.

The closures include six stores in Michigan, according to an article today by USA Today: Toys R Us locations in Muskegon, Traverse City and Ann Arbor; and Babies R Us locations in Grand Rapids, Ann Arbor and Lansing.

The closures will begin in early February and continue to mid-April, Reuters reports.

The Wayne, New Jersey-based company filed for bankruptcy protection before the 2017 holiday season in the U.S. and Canada to “restructure $5 billion of long-term debt,” according to Reuters. No stores in Canada will be closed as a result of the restructuring.

To draw more customers, Toys R Us plans to offer “deep discounts” and “revamp its loyalty program,” Reuters reports.

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