The time has finally come for Toys R Us kids to grow up. The toy store chain which was loved by generations of kids for 70 years is closing all of its 735 U.S. stores.
The company said in a Bankruptcy Court filing it has determined that "the best way to maximize their recoveries is to liquidate the existing inventory in all...735 remaining U.S. stores and begin an orderly wind-down of the U.S. operations." The company had originally planned to keep 400 stores open but ultimately didn't have enough cash to keep them operational. The company filed for bankruptcy late last year and hoped it would be helped by strong holiday sales, but that never happened.