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Posted: January 24, 2018

Toys 'R' Us to close up to 182 stores nationwide; see the full list


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Toys 'R' Us to close up to 182 stores nationwide; see the full list
A general view of the exterior of a branch of the toy staore Toys R Us on September 19, 2017 in Luton, England. The company has struggled to compete against online traders such as Amazon and has announced that it has filed for bankruptcy protection in the US and Canada. The company has stressed that these actions do not expect any immediate impact on their European branches due to the company running the operations independently. (Photo by Leon Neal/Getty Images)

By Michelle Ewing, Cox Media Group National Content Desk

WAYNE, N.J. —

Iconic children's retailer Toys 'R' Us plans to close as many as 182 stores nationwide, the chain said in court documents Tuesday.

>> See the full list of stores set to close

The New Jersey-based company, which filed for Chapter 11 bankruptcy protection in September, has about 880 U.S. stores and 1,600 worldwide, CNN Money reported.

>> Read the court documents here

"The reinvention of our brands requires that we make tough decisions about our priorities and focus," Dave Brandon, Toys 'R' Us chairman and CEO, said in a letter posted on the company's website. "To that end and following a top-to-bottom assessment of our business, we have decided to close a number of our U.S. stores. We also intend to convert a number of locations into co-branded Toys 'R' Us and Babies 'R' Us stores. The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company that will provide the level of service and experience you should expect from a market leader."

>> Toys ‘R’ Us files for bankruptcy: 3 things to know

>> Read more trending news 

If approved, "we estimate store closing sales to begin in early February, with the majority of locations closing in mid-April 2018," Brandon wrote.

>> Read the full memo here

>> Is your store closing? Click here or scroll down to find out


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