CHARLESTON, W.Va. — Toys ‘R’ Us is considering closing all of its stores nationwide, including four stores in West Virginia.
The toy chain filed for Chapter 11 bankruptcy protection last September. Reports indicate the chain is now preparing for liquidation after failing to find a buyer.
The company was trying to re-negotiate its $5 billion debt load.
In January, Toys ‘R’ Us announced it would shutdown 180 stores.
Gift cards and other customer programs will be honored at closing locations, the company said.
The company was founded in 1948 and it grew into the largest U.S. toy chain. Sales were on the rise in the 1990s, but in recent years, more consumers turned to online shopping which impacted sales.
Toys ‘R’ Us and Babies ‘R’ Us stores are located in Charleston, Barboursville, Bridgeport and Vienna.