Toys R Us to close 180 stores across the US
Publishing timestamp: 2018-01-24 10:02:23
Summary
Toys R Us is planning to close 180 stores in the US in an effort to restructure and emerge from bankruptcy. The closures are scheduled to begin in early February and run through mid-April. The company faces increased competition from online retailers like Amazon, Walmart, and Target. Target is speculated to be the biggest winner as Toys R Us closes some of its stores.
Sentiment: NEGATIVE
Keywords: amazon.com inc, business news, business, walmart inc, target corp, retail industry,
Source: https://www.cnbc.com/2018/01/24/toys-r-us-to-close-180-stores-across-the-us.html