DAYTONA BEACH — Embattled Toys 'R' Us has informed employees that it likely will sell or close all remaining U.S. stores in the coming months, according to multiple reports late Wednesday afternoon.
Closure of the chain's more than 700 remaining U.S. stores, including Babies 'R' Us stores, and laying off its 33,000 employees would be one of the biggest retail liquidations since The Sports Authority filed for bankruptcy in 2016 with 14,500 workers and closed more than 460 stores, according to a Wall Street Journal report.
CNBC, however, late Wednesday afternoon reported that Toys 'R' Us was exploring a plan to keep 200 U.S. stores open even after liquidation.
"No comment," stated Meghan Sowa, a spokeswoman for Toys 'R' Us, in response to an email inquiry by The Daytona Beach News-Journal seeking confirmation of the reports.
The New Jersey-based big box retail chain has one location in the Volusia-Flagler area: a combination Toys 'R' Us and Babies 'R' Us store at 2455 W. International Speedway Blvd. in Daytona Beach.
Toys 'R' Us filed for Chapter 11 bankruptcy protection in September. In February, it began clearance sales at approximately 180 U.S. locations, including 11 in Florida, but those planned closures did not include the store in Daytona Beach.