Struggling Toys “R” Us is planning to shrink its U.S. store portfolio by as much as 20% as it looks to emerge from bankruptcy protection before the 2018 holiday season, the retailer said in a court filing. The planned closures, which include both Toys “R” Us and Babies “R” Us locations, still need court approval. But going-out-of-business sales are scheduled to begin in February and expected to be completed in April. In court documents, the nation’s largest toy store retailer also said that if it is able to negotiate more favorable lease terms some of the shutterings may be avoided.