Wednesday, January 11, 2006

Toys R Us Will Close, Convert 87 Stores

(AP) – Toys R Us Inc., the retailer acquired by three buyout firms, will close 75 stores this spring and eliminate 3,000 jobs after reporting a wider third-quarter loss. The retailer will also convert 12 other locations into the Babies R Us format. The changes will result in $155 million in pretax restructuring expenses, the company said Monday. It did not list stores targeted for closure or conversion. The store closings are the first since the company was bought for $6.6 billion by a group including Vornado Realty Trust.

Please let them convert the one by my house!!! There's only ONE (1) Babies R US in the entire city of Orlando.

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