Toys ‘R’ Us Expected to Announce Closure of All Stores Monday

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MOLINE, Illinois – Toys ‘R’ Us is getting ready to make a big announcement.

The retailer is expected to announce today that it’s liquidating its entire U.S. operations. That means 620 stores will close.

WQAD News 8’s Financial Expert – Investment Advisor Mark Grywacheski – is on Good Morning Quad Cities every Monday for our weekly “Your Money” segment. On Monday, March 12th, he said Toys ‘R’ Us has tried to find a buyer after filing for bankruptcy protection last fall, but with no luck.

“They had a very disappointing retail holiday shopping season and closed about 20% of their stores in January,” he explained. “More than likely today they will announce the closing of the remaining 600+ stores, including the two in Davenport and Moline.”

Grywacheski also talked about the February Jobs Report and how it impacts you, as well as the President’s tariff plan and how it affects our neighboring countries. To see what he has to say about those topics, click here.

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