Media Toys R Us Spared Among 182 Nationwide Closures

MEDIA , PA – Toys R Us announced it is closing 182 stores nationwide, but the Media location was spared in the closures, which are part of a bankruptcy protection plan.

The Media Toys R Us location at 1154 West Baltimore Pike was not included among the seven Toys R Us and Babies R Us stores closing in Pennsylvania.

Nearby stores that are closing are the Exton Babies R Us and the Horsham Toys R Us.

The Babies R Us location at 770 Baltimore Pike in Springfield, the Toys R Us location in the Fairfield Place Shopping Center in Exton, and the Toys R Us/Babies R Us location at the King of Prussia Mall are 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