Toys"R"Us plans to close around 180 stores, Nebraska location impacted

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Toys"R"Us will close about a fifth of its U.S. stores.

The retailer, which declared bankruptcy in September, plans to shutter about 20 percent of its outlets. That's about 180 locations.

The only Nebraska location that may be closing is Babies"R"Us at 3505 S. 140th in Omaha.

Lawyers for the company say shutting down stores is due to increased market competition. They also said sales have been hurting by online shopping.

"The reinvention of our brands requires that we make tough decisions about our priorities and focus," Chairman and Chief Executive Officer David Brandon wrote Tuesday in a message to customers. "The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company."

Toys"R"Us plans to roll out deep discounts and overhaul its customer loyalty program. It will also convert several locations into co-branded Toys"R"Us and "Babies"R"Us stores.

Court approval is need for the closures, but management is planning to shut those locations beginning in early February and running through mid-April.

There are about 1,600 Toys "R" Us stores in the world, about half of them are in the U.S.

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