Connect with us
Toys 'R' Us to sell or close all US stores

News

Toys ‘R’ Us to sell or close all US stores

The time has come for Toys ‘R’ Us to give up the fight and close their doors.

 

The time has come for Toys ‘R’ Us to give up the fight and close their doors. The company announced that it will file liquidation papers Wednesday evening in advance for a court hearing that will take place on Thursday. The closures will effect about 33,000 jobs.

The company confirmed the Wall Street Journal report that Chief Executive Dave Brandon told the news to employees on a conference call. A spokeswoman for Toys ‘R’ Us said Brandon told employees it was a sad day and that customers and others would be sad to see the brand disappear.

Despite the decision to liquidate, there is still a slim chance that somebody could step in to buy some of the stores and operate them. One of the groups in the running is one of the company’s creditors, MGA Entertainment. They have expressed an interest in buying the company’s Canadian stores, and as many as 400 of its U.S. stores.  We will continue to update this story as new detail emerge.

Related: The End is closer for Toys ‘R’ Us

Like what we do here at AIPT? Consider supporting us and independent comics journalism by becoming a patron today! In addition to our sincere thanks, you can browse AIPT ad-free, gain access to our vibrant Discord community of patrons and staff members, get trade paperbacks sent to your house every month, and a lot more. Click the button below to get started!

Comments

In Case You Missed It

NYCC '21: Chris Claremont completely rewrites the last two X-Men movies NYCC '21: Chris Claremont completely rewrites the last two X-Men movies

NYCC ’21: Chris Claremont completely rewrites the last two X-Men movies

Movies

'Darkhold: Iron Man' #1 has the feel of a cult '80s mad scientist sci-fi-horror 'Darkhold: Iron Man' #1 has the feel of a cult '80s mad scientist sci-fi-horror

‘Darkhold: Iron Man’ #1 has the feel of a cult ’80s mad scientist sci-fi-horror

Comic Books

An interview with 'The Final Girl Support Group' author Grady Hendrix An interview with 'The Final Girl Support Group' author Grady Hendrix

An interview with ‘The Final Girl Support Group’ author Grady Hendrix

Books

'Clear' #1 review: Your new favorite sci-fi series 'Clear' #1 review: Your new favorite sci-fi series

‘Clear’ #1 review: Your new favorite sci-fi series

Comic Books

Connect
Newsletter Signup