Wednesday, January 24, 2018

Toys "R" Us Is Closing Shops!

The nation's largest toy retailer is on the bubble.

Toys "R" Us, the nation's largest toy retailer is shuttering 20% of its stores. They will close stores and Baby "R" Us locations in the United States. There are no closures in Canada.

There are 180 locations that are in metropolitan and rural areas across the country.

They are trying to recover from the Chapter 11 bankruptcy. The world's largest toy company is trying to starve off liquidation.




This comes fresh off the Republicans patting themselves on the back with their monstrous tax reform law. Donald J. Trump has signed off legislation he's never read. The tax reform was passed in December 2017.

It was supposed to give Americans and corporations tax relief.

Walmart and AT&T gave workers bonuses and pay raises. And then they shut down stores and subsidiaries. Sam's Club closed 65 stores without notice.

The retail chains are struggling. Like Sears Holding Group, the company is citing low traffic, Amazon and underperforming stores as the reasons to closing.

Dayton is losing Baby "R" Us. The location is in Miamisburg near the Dayton Mall. The possibility of Dayton losing the two Toys "R" Us stores is high.

The stores are in Miamisburg and Beavercreek.

The U.S. stores across the nation will give bonuses to employers. Measley $1,000 to long term workers and quietly closing up stores.

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