Connect with us
The fate of Toys R Us could be known as soon as Thursday

News

The end is closer for Toys ‘R’ Us

The fate of Toys R Us could be known as soon as Thursday

AIPT may be compensated for part of the sale if you buy something through this post. Read our Privacy Policy for more.

Back in January, I shared news that Toys R Us would be closing 182 stores nationwide. The chain did promise to keep a number of stores opened as well as the online operations going; unfortunately the axe has dropped quickly in the past week and now things look very grim for the beloved toy store that we all grew up with.

My curiosity took me out to my local store that I was promised wasn’t closing after it was reported it would. And to my pleasant surprise, the shelves were stocked with new toys that I have been waiting to get my hands on. So it looks like they have cleared out their back stockroom with the announcement of them closing being inevitable.

The fate of Toys R Us could be known as soon as Thursday

A source told CNBC that Toys R Us is in the process of drafting the court motion for its liquidation plan and the toy store has also not paid some of its vendors this week. So by Thursday of this week we could learn their fate.

The announcement has also impacted Hasbro and Mattel. Their shares dropped last Friday after Bloomberg announced the possible Toys R Us liquidation and lost ground again after word of the missing vendor payments.

According to Jefferies analyst Stephanie Wissink, Toys R Us accounted for 15 to 20 percent of U.S. toy sales last year. Now toy companies will have to battle with the big-box stores like Walmart and Target for the much valued and limited shelf space inside their stores and count on Amazon for their sales.

Comments

In Case You Missed It

New WWE United States Championshipdesign New WWE United States Championshipdesign

New WWE United States Championship design unveiled on Raw

Pro Wrestling

Comic-Con@Home Comic-Con@Home

Comic-Con@Home 2020: Day 3 schedule and events revealed

Comic Books

Robert Kirkman explains Marvel 'resented the fact that I didn't need them.' Robert Kirkman explains Marvel 'resented the fact that I didn't need them.'

Robert Kirkman says he was “treated like crap” at Marvel Comics

Comic Books

Comic-Con@Home Comic-Con@Home

Comic-Con@Home 2020: Day 2 schedule and events revealed

Comic Books

Connect
Newsletter Signup