Toys R Us will shut some stores; Albuquerque store among those closing
NEW YORK (AP) — Toys R Us, squeezed by Amazon.com and huge chains like Walmart, will close 20 percent of its U.S. stores within months. One of the stores closing is the Babies R Us in Albuquerque located at 45 Hotel Circle NE.
Hobbled by $5 billion in debt, the company that once dominated toy sales in the U.S. filed for bankruptcy protection in September.
Chairman and CEO Dave Brandon said in a letter that tough decisions are required to save Toys R Us.
Industry analysts said around 180 of
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