Toys ‘R’ US to shut down US operations

Written by Edrian Acla on

More in Business:

In this file photo taken on February 9, 2018, closing down posters are on the windows of a Toys ‘R’ Us store in south London./ AFP / Daniel Leal-Olivas/

WASHINGTON, United States (AFP) — Toys ‘R’ Us said late Wednesday it will liquidate all of its US stores, heralding the end of what had been a pillar of the toy industry.

“This is a profoundly sad day for us as well as the millions of kids and families who we have served for the past 70 years,” CEO Dave Brandon said in a statement.

© Agence France-Presse