Planetizen Newswire
Keep up with essential planning news and commentary, delivered to your inbox every Monday and Thursday.
No More Toys R Us, Kids
Toys R Us will shut down all its remaining stores in the final blow of a process that began with bankruptcy filing in September 2017.
"Toys R Us has informed employees that the company plans to sell or close all of its U.S. stores," reports Alina Selyukh.
The news of the closure, reported by an anonymous source and not yet made public in any official capacity at the time of this writing, follows a months-long bankruptcy process that failed to get the finances of the once-might retail chain in order.
"Toys R Us has struggled with a heavy load of debt inherited from a 2005 buyout, as well as intense competition from Walmart, Amazon and Target — made worse by disappointing holiday sales," explains Selyukh.
Published on Wednesday, March 14, 2018 in
Topics
- 'A Strange, Second-Wave Gentrification' in San Francisco
- Houston Just as Expensive as New York City, Study Says
- Opportunity Zones Under Investigation by Treasury Inspector General
- Mapping the Land Uses of the United States
- The Latest Trend in Redevelopment: Parking Lot to Multi-Family Residential
- Cuomo's LaGuardia AirTrain Plan has a High-Profile Skeptic
- Overcoming the Obstacles of Land Use for Renewable Energy
- U.S. Transit Ridership Growing Again
- Wyoming Legislation Would Add Tolls to Interstate 80
- Future of Massive S.F. Bay Area Housing Project Uncertain Due to Labor Dispute
- Housing Litigation by California Attorney General Yields Results
- Census Information for Rental Property Owners
- Opinion: L.A. Metro Bus Plan Must Put Riders First
- Montreal Vacancies Leave Commercial Corridors Struggling
- Fewer Baby Boomers Choose Urban Lifestyles Than Previous Generations
- A New Transportation Vision for Texas Not Focused on Cars?
- More Space for Buses and Mixed Use Planned for Busy Northern Virginia Corridor
- The World's Streets Are Becoming Less Connected, Study Shows
- The Final Major Holdout in North America Finally Welcomes Uber and Lyft
- Transit Ridership Increases in Anchorage After Decade of Decline
