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Toys R Us is now reportedly set to close 44 percent of its stores across the U.S.
The Wall Street Journal reports the company will be shutting down 200 more stores in addition to the 182 stores previously announced for closure in January. This takes the total number of store closings to around 380, with layoffs said to be in excess of 9,000.
The Journal cites a subpar holiday season as one of the main reasons behind the additional closings. Toys R Us will no longer be providing severance for its employees, according to The Journal, while a judge allowed the company to pay its top executives bonuses.
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