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15 Things You Need to Know This Morning

15 Things You Need to Know This Morning
Toys R Us To Close 200 More
Stores, Lay Off Thousands
After holiday sales failed to help distressed retailer Toys R Us bounce back from bankruptcy, the retailer will close another 200 stores in addition to the 180 previously announced. That represents nearly 50% of Toys R Us' existing 800-store footprint. In addition to the closures, the chain will lay off thousands to cope with its debt and avoid being in breach of a $3.1B loan. 

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