Toys 'R' Us may close all USA stores, according to financial reports


As of Friday, the Toys R Us corporate website listed two job openings - one for a stock associate, the other for a sales associate - at the local store. Store closing sales are set to begin in February with the majority of stores ceasing operations by mid-April.

"You can control your intellectual property through your relationship with vendors if you have very good, differentiated offerings that your vendors have to provide", said Storch, who has also served as vice chairman of Target.

And ever since the bankruptcy filing, the retailer has been under huge pressure to give major vendors such as Mattel and Hasbro clarity into its long-term viability.

In the case of The Source by Circuit City - bought by Bell Canada in 2009 and renamed a few months after parent company Circuit City Stores filed Chapter 11 in 2008 - the unit survived and thrived on its own. The decision isn't final, the report said, but a full shutdown "has become increasingly likely". But now Toys R Us is evaluating bids to liquidate the remainder of its USA locations.

Liquidation is a common escape plan if time runs out.

CNBC reports lenders are pushing hard for a liquidation.

The only way to prevent the closures is if a last-minute buyer purchases the company.

All Kids R Us stores closed in 2003.

Toys R Us started in 1948 as a baby-furniture store in Washington, D.C. Nine years later, founder Charles P. Lazarus switched the store's focus to toys and shifted operations to Rockville, Md. A disappointing holiday shopping season has hurt the company's chances of recovery.

Storch pointed out that it's a disruptive time in the retail industry.

"The worst case scenario is that about 10 percent of the sales of each of the toy companies goes away in 2018, with an associated roughly 10 percent hit to earnings", D.A. Davidson analyst Linda Weiser said. "We've been coming out here since he could walk; 2-3 years old".

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