Exton Babies R Us Closing Amid Nationwide Toys R Us Closures

EXTON, PA – Toys R Us announced it is closing 182 stores nationwide, including the Babies R Us right here in Exton, as a bankruptcy protection measure.

Among the Exton location situated at 104 Bartlett Ave., seven other Toy R Us locations in Pennsylvania are shuttering their doors.

It's not clear when exactly the Exton location will close, but the stores are set to begin closing next month with closures running through April.

The Toys R Us location in the Fairfield Place Shopping Center at 103 East Swedesford Road in Exton is not among the listed closing stores.

>>>Full The List Of Closing Pennsylvania Toys R Us Here

Toys R Us chairman and CEO David Brandon said an undisclosed number of surviving locations will be co-branded as Toys R Us and Babies R Us stores.

Toys R Us filed for bankruptcy in September.

The store closures come about a month after the toy giant announced it would close more than 100 stores due to declining sales and increased competition from Amazon, Walmart and Target.

"The reinvention of our brands requires that we make tough decisions about our priorities and focus," Brandon said in a release. "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."

A federal bankruptcy judge ruled late last year that Toys R Us may pay 17 executives about $14 million in incentive bonuses if it hits a certain earnings amount. Attorneys representing the company argued that the bonuses would help executives focus on increasing sales during the past holiday season.

With reporting by Kara Seymour

Photo by Leon Neal/Getty Images