DETROIT – Toys R Us is planning to sell or close all 800 of its stores across the country, including Babies R Us.
According to the Wall Street Journal, CEO David Brandon said the company plans to file liquidation papers Wednesday night in advance of a bankruptcy hearing Thursday.
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The news comes six months after the retailer filed for Chapter 11 bankruptcy.
The closures are expected to happen over time and will affect as many as 33,000 employees.