Toys R Us could close all of its stores

Darnell Taylor
March 14, 2018

In January, it was announced that 182 of its over 800 locations - almost 20 percent of its stores - would be closing come February, but before February was through, the news of a further 200 closures was announced. In January, stores in Cherry Hill, New Jersey and Exton, Pennsylvania became a part of a growing list slated to close after the retailer entered bankruptcy previous year.

Toys "R" Us reigned supreme in the 1980s and early 1990s, when it was one of the first of the "category killers" - a store totally devoted to one thing: toys.

In the Bay Area, a complete shutdown would mean the closure of 19 Toys R Us and Babies R Us stores, not including nine local stores that the company in January announced would close as part of its effort to shutter 182 stores across the country and emerge from bankruptcy.

Although Toys "R" Us first filed for bankruptcy back in September of a year ago, it wasn't until after the holiday season that the company's true struggle became apparent. "They said with liquidation they can't do any returns or exchanges", said Mancini.

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The struggles of Toys "R" Us have taken a toll on the two largest toymakers, Hasbro Inc. and Mattel Inc.

The bleak situation lends evidence to the notion that Toys "R" Us is moving toward winding down its USA operations for good. 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. David Fiorenza, an economics professor at the Villanova School of Business, said online retailers gain an advantage with tax breaks if nationwide closures happen.

"To our loyal customers: We've seen an wonderful outpouring of love and support in recent days and we truly appreciate it", the company tweeted Friday.

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