Toys 'R' Us to close about 180 stores across America
Fox Business Outlook: Store closures represent about one fifth of retail giant's locations; Toys R Us hopes to restructure and recover from a bankruptcy filing.
Toys “R” Us is planning to close about 180 stores across the country -- about one-fifth of its locations -- beginning in early February and continuing through mid-April.
However, the company hopes to restructure and recover from a bankruptcy filing.
Meanwhile, Disney will give more than 125,000 employees a one-time $1,000 cash bonus thanks to sweeping changes to the U.S. tax code. The bonuses will go to all full and part-time, non-executive U.S. employees, either hourly or salaried, who've been with Disney since Jan. 1, 2018. Furthermore, nearly 88,000 hourly employees will be eligible for a $50 million dollar education program, which will cover tuition costs.
And Budweiser is no longer among the top three best-selling beers in the U.S., as people drink less beer or switch to craft brews, wine or spirits. Miller Lite has overtaken Budweiser as the third-favorite beer, which trails Bud Light at No. 1 and Coors Lite at No. 2. Budweiser gave up the top spot to Bud Light in 2001.