Toys R Us to liquidate U.S. operations, close six Central Mass. stores
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Toys R Us plans to close this store in Framingham and 735 others in the U.S.
Just weeks after announcing plans to close 182 stores, including four in Central Massachusetts, Toys R Us is now planning to end its U.S. operations and close all six stores in the region.
In a Thursday announcement, the New Jersey company said it plans to close all of its 735 U.S. stores in a liquidation of its operation in the country.
There are currently six Toys R Us or Babies R Us locations in Central Mass., including Auburn, Leominster, Bellingham, Northborough, Millbury and Framingham.
Stores in Millbury, Northborough, Bellingham and Framingham were announced to be closing in January after the company filed for bankruptcy in September, listing $5 billion in debts on its balance sheet.
The company is pursuing a reorganization and sale process for its operations in Canada, Asia and Central Europe, and other international operations in Australia, France, Poland, Portugal and Spain are considering a sale, the company said.
Toys R Us still hopes to save up to 200 of its top-performing U.S. stores by combining operations with stores in Canada, but the company is meanwhile pursuing court-approved liquidation of its entire U.S. inventory.
In a statement, Chairman and CEO Dave Brandon said the company no longer has the financial support to keep its U.S. stores open.
“This is a profoundly sad day for us as well as the millions of kids and families who we have served for the past 70 years,” he said.
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