Bankruptcy fallout: Toys R Us closing up to 182 stores

Toys R Us late Tuesday filed court documents outlining plans to close up to 182 stores as part of its bankruptcy reorganization plans.

The company noted that some closings may be avoided if it is able to negotiate more favorable lease terms. But most of the stores listed in the documents are expected to close as Toys R Us tries to reinvent itself as a leaner, smarter retailer.

Going-out-of-business sales are scheduled to begin in February and be completed in April.

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