- 181 stores are closing in first quarter, starting in February
- This 181 number breaks down to 91 Babiesrus, 47 Toysrus, 37 Side-by-sides, 2 outlets, and 4 express stores
- There will be an opening/remodeling of 12 new co-branded stores, different from the Side by Side build.
- Massive liquidation effort of $200M+ in merchandise.
- Plans to map and improve customer experience, revamp/improve online.
- Less skus in Brick and Mortar.
- Creating a pricing model and promotional strategy that improves the price perception.
Here is the slide they shared.
This information only pertains to the US stores.