Toys ‘R’ Us announces store closures

Toys ‘R’ Us Canada says it will close five locations and “rationalize” its inventory to make room for more stores-within-stores. The affected stores are all in Ontario: London, Thornhill, Mississauga, Sudbury, and Hamilton. The retailer is also looking to expand its Wonderlab interactive play concept and add sales areas for entertainment banner HMV, also owned by parent company Putman Investments, to more stores.