Toys R Us store in Rapid City among dozens being closed
RAPID CITY, S.D. (AP) — The Toys R Us store in Rapid City is among 180 being closed around the country, but the store in Sioux Falls will remain open.
Toys R Us is being squeezed by Amazon.com and huge chains like Walmart. It will begin closing about 20 percent of its U.S. stores starting in February.
The New Jersey-based company once dominated toy sales in the U.S. But it’s hobbled by $5 billion in debt and filed for bankruptcy protection in September.
Chairman and CEO Dave Brandon said in a letter Wednesday that tough decisions are required to save Toys R Us.