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Toys R Us to Close 8 Stores in Texas, and 182 Across the U.S.

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The New York Times reports that Toys R Us is shutting down 182 locations (which is 20 percent of their stores in the United States) after filing for bankruptcy in September. Though the company experienced an uptick in sales in November and December due to the holidays, their sales were still less than they expected. Now, they say they hope to relocate as many employees as possible, but some will have to be let go with severance pay.

Photo: Flickr/Dean Terry

According to East Texas Matters, closing Texas locations include:

801 Mesa Hills Dr., West El Paso
9730 Katy Freeway, Katy
170 E. Stacy Road, Allen
7730 N. MacArthur Blvd, Irving
420 E. Round Grove Rd., Lewisville
13710 Dallas Parkway, Dallas Galleria
1309 W. Pipeline Rd., Hurst
5800 Overton Ridge Blvd., Hulen

The Washington Post writes that major retailers are prepared to step into Toys “R” Us’s shoes. Kelly O’Keefe, a professor of brand management at Virginia Commonwealth University, says, “Target, Walmart, Amazon — they’ve smelled weakness for some time, so they’ve stepped it up in their toy selection. There’s no question that they’re going to benefit from Toys R Us’s failure. I mean, think about it: Why would anyone go to Toys R Us, when they can go to Target and Walmart and buy toys at the same time they buy pantyhose and celery?”