Toys R Us, the toy retailer that filed for bankruptcy protection in September, is considering closing 100 U.S. stores after weak holiday sales, Bloomberg reported Dec. 18, citing people "with knowledge" of the situation.
The retailer's U.S. sales fell about 15% year over year during the holiday shopping season, a hit that could result in Toys R Us closing anywhere from 100 to 200 stores, according to the report. Toys R Us, which sells toys from vendors including Mattel Inc. and Hasbro Inc., is facing further restructuring difficulties from a pension fund in the U.K. where it plans to shutter at least 26 stores.
"Final decisions about our real estate portfolio will be done only after careful consideration about the best interests of our business," said spokeswoman Amy von Walter in the report. "Any speculation on that figure is premature and likely to be inaccurate."