Could Toys 'R' Us be about to close more stores?

Bloomberg reports the beleaguered retailer is considering at least 100 closures.

The Essentials

1. Since filing for Chapter 11 bankruptcy protection in September, Toys 'R' Us is now seeing reportedly weak sales during the holiday season.

2. Citing sources with knowledge of the situation, Bloomberg reported this week that the toy retailer is considering closing at least 100 stores, but potentially as many as 200.

3. The company also reported disappointing 3rd quarter results on Tuesday, noting sales declines in stores, particularly in the baby category.

The Big Picture

An already crappy year is getting crappier for Toys 'R' Us, with Time noting its struggles echo the wider challenges facing bricks-and-mortar retailers against the tide of online shopping.

Toys 'R' Us executives managed to remain upbeat when filing for bankruptcy protection in September, saying it still planned to open more stores in high traffic areas.

But continuing downturn in its business leaves it facing "tough choices," Bloomberg says, noting that the bankruptcy process makes it easier to exit leases and shut down worst-performing locations.

It has 879 stores in the U.S. currently, of which eight are in Minnesota.

Five of these are Toys 'R' Us stores, the other three Babies 'R' Us locations.

Should further shutdowns follow in the new year, one of the biggest beneficiaries is likely to be Target.

CNBC reports that Target is the one retailer that shares shoppers and locations similar to Toys 'R' Us, with retail analysts saying the Minneapolis-based company should stand to pick up some of Toys 'R' Us' lost sales.

Some 93 percent of Toys 'R' Us stores are within a 15 minute drive of a Target, CNBC notes, and recent investments by Target in its toy division could be about to pay off handsomely.

Next Up


Man drowns in St. Croix River at William O'Brien State Park

It's not clear what caused the 46-year-old to go under.


Man, 66, dies after his ATV was hit by a minivan on highway

It happened in Renville County Friday evening.

Screen Shot 2021-06-12 at 10.09.06 AM

Rochester suddenly shuts down recently opened parking ramp

Original plans for the parking lot included housing above it, but issues with construction prevented it from being built.

Mudcat Grant

Former Twins pitcher Jim "Mudcat" Grant dies at 85

Grant was a critical piece of the 1965 AL Championship team but did much more.

sprinkler water

Lake Elmo among latest MN cities to implement outdoor watering ban

The ban prohibits automatic or mechanical watering outdoors in an effort to conserve water during the period of extreme heat.

LRT trail in Hopkins.

Police: Suspect assaulted woman on LRT trail in Hopkins

They're asking for the public's help tracking him down.

Screen Shot 2021-06-12 at 7.50.02 AM

Former WCCO reporter Mary McGuire joins FOX 9

She'll be reporting in a freelance role with the FOX affiliate.

Matt Shoemaker

Matt Shoemaker removed from rotation, fits in with Twins bullpen

The right-hander allowed two ninth-inning runs in a 6-4 loss to Houston.

1200 W Broadway Ave, Minneapolis, Minnesota - May 2019

1 dead, 1 wounded in shooting outside funeral in Minneapolis

The funeral was for one of two people killed in the shooting outside a Minneapolis nightclub in May.


Report: 200 more Toys 'R' Us stores could close

That's on top of the 180 already closing.

Toys 'R' Us is preparing to close all its U.S. stores, reports say

The toy chain has been circling the drain for years.

Toys 'R' Us to close or sell all of its stores

The company filed for bankruptcy in September.

Update: Toys R Us files for bankruptcy protection

The company says its stores will operate 'as usual.'

Bed, Bath & Beyond is accepting Toys 'R' Us gift cards

The limited time offer is ending soon, though.

Sears to close Mall of America store, Kmart in Rochester

The beleaguered retailer is shutting 80 stores nationwide.