Toys 'R' Us considers closing United States stores

Toys 'R' Us Considers Closing All of Its US Stores

And yet, the toy chain's US division, which entered bankruptcy in September, now looks like it might be liquidated after so far failing to find a buyer or reach a debt restructuring deal with lenders.

Toys R Us is preparing to potentially close all of its USA stores as part of a liquidation, according to several reports.

Folks shopping say Toys "R" Us is not just a store.

Toys R Us customers are being urged to use up all the money on their gift cards this weekend or they'll risk losing money as the company begins closing down stores across the country.

Toys "R" Us Inc. doesn't sell the most toys in the USA - that distinction goes to Walmart Inc. - but it has remained a key proving ground for kids' gadgets, games and other playthings. "So, we love Toys R Us", says Celena Martinez.

Toys "R" Us may be planning a sad end to its toy story: the liquidation of its bankrupt USA operations. Moreover, the retailer was willing to take chances on new products and small companies.

The decision about how many additional stores it will liquidate could come on Monday, following a bankruptcy hearing in Richmond, Virginia, sources told the Wall Street Journal.

There are two Toys R Us and two Babies R Us locations in Tucson.

The company announced earlier this month they planned on closing stores in the United Kingdom, but it's not clear how many.

Store closures represent about one fifth of retail giant's locations; Toys R Us hopes to restructure and recover from a bankruptcy filing. Despite its struggles, it's still a major retailer of toys.

That's bad news for toy companies like Mattel and Hasbro, whose stocks are already falling.

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