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

The company filed for bankruptcy in September.

Toys "R" Us will soon be no more.

The chain once ruled the toy world but has struggled to adapt to changing markets and increased competition.

And now it will be selling or closing its remaining 700-plus U.S. stores as part of a liquidation plan.

These include the five remaining stores in Minnesota – in Maplewood, Burnsville, Rochester and Blaine – and the Babies "R" Us in Maple Grove (the Blaine store is also a Babies "R" Us).

The Wall Street Journal reports the company told employees on Wednesday, with its collapse putting 33,000 jobs under threat.

Just five days ago the company tweeted this.

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