TOYS-R-US is closing its doors. According to CNN, the iconic toy retailer will close or sell its remaining US stores. The news comes nearly six months after TOYS-R-US filed for bankruptcy, and two months after announcing plans to close nearly 200 stores.
TOYS-R-US has been in business for 70 years. At one point they were also one of America’s leading toy retailer, but the chain has been crumbling in recent years due to huge competitors like Walmart and Target, as well as the online giant Amazon.