Toys 'R' Us considers closing USA stores


Toys"R Us welcomes holiday shoppers

Bloomberg had earlier reported yesterday that Toys "R" Us was making preparations for a liquidation of its bankrupt USA operations.

Shares of Mattel and Hasbro, the two largest USA toymakers, tumbled on to end the week after reports that Toys "R" Us is preparing for potential liquidation, six months after filing for bankruptcy.

Sales numbers did not reach the levels Toys R Us told lenders they would reach.

The future of retail giant Toys R Us appears bleak as several news agencies are reporting the company is on the verge of liquidation.

The remaining stores across the USA are making preparations for liquidation.

Many of Toys R Us's small stores have proved relatively resilient in recent years and the company's online performance has been robust too.

Bankrupt toy seller Toys "R" Us could liquidate all of its USA stores as early as next week, according to reports. It filed for bankruptcy a year ago and in January, announced the closing of about 180 locations.

The chain filed for bankruptcy last September, hoping to reorganize its $5 billion debt.

In the metro-east, Toy R Us and Babies R Us are located on Commerce Lane in Fairview Heights.

Both toymakers previously said that the retailer's bankruptcy filing materially impacted their businesses.

Toys R Us has other locations in the Hudson Valley in Poughkeepsie, Middletown and the Woodbury Common Premium Outlets. According to The Washington Post, Hasbro dropped $2.52 (2.7 percent) to $90.86 per share, while Mattel sank $1.01 (6.3 percent) to $14.96. The toy industry is no different.

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