Toys 'R' U.S. may have to close all United States stores

Ebony Scott
March 10, 2018

Meanwhile, there is talk of selling Toys "R" Us' Asian business, despite it being the company's most profitable area.

A report Thursday said Toys R Us is preparing for a liquidation of its bankrupt USA operations, which could mean an end to the once-mighty toy retailer. "Toys "R" Us is where new products can be discovered and blossom".

Claire's Stores Inc., another chain that sells some toys, also is said to be nearing bankruptcy - though it's not at the point of being shut down. The liquidation would hurt more than just Toys "R" Us.

While there is still a chance another company could purchase Toys "R" Us, hopes are fading.

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Toys R Us dealt with almost $5 billion of debt at that time and announced plans to close over 100 stores in September. Mattel's shares fell 6% to $14.96, while Hasbro shares lowered around 3% to $90.75. Also, this is just for United States operations.

Customers with gift cards or partial payments made on goods must settle with the toy company before end of trading on Sunday, March 11. Toys "R" Us may be running out of time, if it hasn't already.

But after a Christmas season with sales that were far worse than expected, that plan quickly collapsed. Reuters said the company is still considering other options as well. We've got your backs! "When it's gone, it's going to really be hard on us".

Toys R Us Canada has about 82 stores as well as an e-commerce site - making it about one-tenth the size of its American counterpart.

Other reports by GizPress

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