Fargo, all Toys ‘R’ Us stores to close nationwide
FARGO—The Fargo Toys 'R' Us store is expected to close as part of a nationwide shutdown of the brand.
The Wall Street Journal reported Wednesday, March 14, that the company told its employees on Wednesday that the struggling big-box retailer will sell or close all of its U.S. stores.
The decision threatens up to 33,000 American jobs, according to the WSJ report.
Toys 'R' Us, which is seven decades old, filed for bankruptcy protection in September.
It currently has more than 700 remaining stores in the U.S., including Babies 'R' Us stores.
According to the WSJ report, the closings would be one of the biggest retail liquidations since The Sports Authority filed for bankruptcy in 2016, when 4,500 workers lost their jobs and more than 460 stores closed.
According to online reports, Toys 'R' Us recently obtained a $3.1 billion loan to keep its stores open during a turnaround effort, but conditions at the company deteriorated because of poor sales during the holidays.
The Fargo store at 4603 13th Ave. S. was built in the mid-1990s.