Toys 'R' Us misses payments to suppliers, could be preparing liquidation plan

Mattel Inc

Mattel Inc

In January, Toys "R" Us announced that it would close 20 percent of its USA stores, or 180 locations (including multiple stores in Michigan), within months. Now the company is preparing to liquidate its bankrupt USA division, and though a rescue operation could still come through, it's looking more than likely that the retailer will have to close all of its doors very soon. And to my discovery, the shelves were stocked with new toys that I have been waiting to get my hands on.

Stores in San Jose, Emeryville, Pittsburg, Pinole, Brentwood, Union City, Fairfield and San Rafael were already on the chopping block as part of that move.

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The kids may not wanna grow up, but they'll still have to do it - and without Toys "R" Us.

For both past and present 'Toys "R" Us Kids, ' the news is devastating enough, but at the end of the day, parents will still be able to purchase toys at other retailers both in-store and online.

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The rumors of liquidation are still unconfirmed but anonymous sources have given confirmation to several news organizations like USA Today, and The Wall Street Journal. Squeezed by giants and Walmart, and hobbled by $5 billion in debt, the retailer that once dominated toy sales in the US filed for bankruptcy protection back in September. The toy store giant and its companion stores Babies R' Us could all shut down by this week, according to published reports.

Of course, Toys R Us isn't the only place to buy toys.

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A survey of about 850 independent retailers by the firm Advocates for Independent Business found that small retailers believe their "smaller size and greater understanding of their local markets" makes them more nimble than chains like Toys R Us and better at responding to shifts in the retail industry.

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