Toys R Us closing all stores now

The struggling toy retailer Toys R Us announced plans to liquidate the inventory in all 735 of its U.S. stores including Puerto Rico, according to a company release.

The decision affects Madison’s West Towne Mall store, as well. The retail chain’s closure will affect as many as 33,000 jobs nationwide, according to various media reports, and also includes the company’s Babies R Us stores, according to a report from USA Today, although registries will remain online for a while. Madison has one Babies R Us at East Towne Mall.

Meanwhile, Toys R Us is looking to sell its business and operations in Canada, Asia, and Central Europe. The company filed for Chapter 11 bankruptcy protection in late 2017.