Toys R Us to close 180 stores including 6 in Dallas-Fort Worth
Toys R Us has asked the bankruptcy court to close 180 stores including eight in Texas, mostly in North Texas leaving larges spaces empty in high-profile shopping centers.
Stores will close in Allen, in Dallas just north of the Galleria, Irving, Lewisville, Hurst and next to Hulen Mall in Fort Worth.
Two more Texas stores are on the list in El Paso and Katy.
North Texas is a big market for both Target and Walmart and both discount stores have expanded their toy departments in recent years. The region is also a big one for Amazon with six distribution center here.
Toys R Us Texas store closings Allen 170 E. Stacy Road Dallas Galleria 13710 Dallas Parkway Irving 7730 N. MacArthur Blvd Lewisville 420 E. Round Grove Rd Hurst 1309 W. Pipeline Rd Hulen 5800 Overton Ridge Blvd El Paso 801 Mesa Hills Dr. Katy 9730 Katy Freeway
The retailer’s financial advisors "conducted an extensive store-by-store performance analysis of existing stores" to come up with the locations it wants to close as it reorganizes. The only big box toy retailer left surprised the industry when it filed for bankruptcy protection before Christmas instead of waiting until after the key season.
The company is also asking the court to be able to pay stay bonuses to employees during the closings.
Toys R Us wants to hire Tiger Capital Group, Hilco Merchant Resources and Gordon Brothers Retail Partners to conduct the liquidation sales.