New Jersey-based Toys ‘R’ Us is planning to close about 180 stores across the country in an effort to restructure the company and emerge from bankruptcy protection.
The number represents about one-fifth of its stores nationwide.
Marked for closure are seven stores in Pennsylvania, including Horsham, and a dozen in New Jersey, including Burlington and Cherry Hill.
CNBC reports that the shutdown still need court approval, but management is planning to start the closures beginning in early February.
“The reinvention of our brands requires that we make tough decisions about our priorities and focus,” Chairman and Chief Executive Officer David Brandon wrote Tuesday in a memo to customers. “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.”
The company, which was founded in 1948, is based in Wayne, N.J.
Stores targeted for closure include:
Horsham, 100 Welsh Road
Erie, 6680 Peach St.
Monroeville, 3700 William Penn Highway
Exton, 104 Bartlett Ave.
Ross Park Mall, 2003 Cheryl Dr.
Washington, 301 Oakspring Road
Beaver Valley, Route 18/Valley View Dr.
Burlington, Route 541 & Cadillac Road
Cherry Hill, 2135 Route 38
Phillipsburg, 1280 Route 22
Eatontown, 137 Route 35
Bridgewater,100 Promenade Blvd.
Union, 2700 Route 22 East
North Brunswick, 909 U.S. 1 South
Wayne. 7 Wayne Hills Mall
Paramus, 545 Route 17 South
East Hanover, 98 Route 10 West
Elizabeth, 900 Center Drive
Mount Olive, 50 International Drive South