FORT SMITH - One of America’s premier toy stores says they will close their Fort Smith location. The Associated Press reported Wednesday that the Toys R Us on Rogers Avenue will be among the 182 locations that will close its doors.
Fortune Magazine said that Toys ‘R’ Us on Monday night asked federal bankruptcy court in Richmond, Virginia for permission to close those stores, saying it has “faced a challenging commercial environment” made worse, it claimed, by consumer preferences to online stores from brick and mortar stores.
The list of stores to close represents 20% of the company’s current assets.