The Toys’R’Us and Babies’R’Us store at 202 Walnut St. in Redwood City is not among the list of about 150 stores the company plans to close across the nation as it reorganizes in order to emerge from bankruptcy. The list includes 24 store closures in California alone.
On Wednesday, the financially struggling retailer, which is shedding about one-fifth of its U.S. locations, announced discounts of up to 30 percent at the stores that are closing. Those stores are expected to close in April.
The store closures are part of a restructuring plan that aims to make the company a viable contender in the rapidly evolving retail landscape.