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Latham Babies R Us, Queensbury Toys R Us to close

Latham Babies R Us, Queensbury Toys R Us to close

Company seeks to close one-fifth of locations — up to 182 stores nationwide
Latham Babies R Us, Queensbury Toys R Us to close
Photographer: Shutterstock

LATHAM — Stores in Latham and Queensbury will be among 182 closing as Toys R Us fights for survival.

The chain plans to close about one-fifth of its U.S. stores. The closures are expected to begin in early February and run through mid-April.

Court documents filed late Tuesday included the list, which names stores in states across the country. The Babies R Us in Latham and the Toys R Us in Queensbury are on the closure list, along with 13 other New York locations. The Toys R Us stores in Clifton Park and Colonie are not included.

The closures still need court approval.

The memo also said that many of the company's existing locations will be co-branded as Toys R Us and Babies R Us stores.

The company filed for Chapter 11 bankruptcy in September, citing losses from online competition. It reported a debt of $5 billion.

Bloomberg reported some stores listed as closing may remain open as the company won court approval to pay landlords to extend a 210-day deadline to possibly negotiate new lease terms before finalizing which locations will shutter for good. Some on the shutdown list may still be able to stay open until after the 2018 holiday season.

“The reinvention of our brands requires that we make tough decisions about our priorities and focus,” Chairman and CEO David Brandon wrote Tuesday in a memo to customers posted on the company's website. “The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company.”

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