NEW YORK (AP) — Toys R Us’s management has told its employees that it will sell or close all of its U.S. stores.
That’s according to a toy industry analyst who spoke to several employees who were on the call Wednesday.
Jim Silver, a toy industry expert, says Toys R Us’s CEO told employees the plan is to liquidate all of its U.S. stores and after that, it could do a deal with its Canadian operation to run some of its U.S. stores.
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