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Toys R Us is planning to close roughly 180 stores across the country, or about one-fifth of its U.S. store fleet, in a bid to restructure the company and emerge from bankruptcy protection.
The locations set to close, which include Babies R Us, range from cities in New York and New Jersey to California.
Closures are set to begin in early February and run through mid-April of this year, management said Tuesday.
Meanwhile, Toys R Us is planning to co-brand some of its other stores to include both Toys R Us and Babies R Us, the company said, as it also invests in revamping the retailer's loyalty program and improving the online shopping experience.
In filing for bankruptcy protection ahead of the 2017 holiday season, Toys R Us said it wasn't planning on closing any stores at the time and instead hoped to open more smaller locations across the country.
But a weaker-than-expected holiday season forced Toys R Us to rethink its strategy, and the chain plans to move ahead with these closures once they're approved by the court.
— Reporting by Lauren Thomas; data visualization by John Schoen.