Monday, 25 June, 2018

Toys 'R' Us to announce closure of stores nationwide, according to report

Toys R Us Could Close Soon, But It Probably Won't Affect Parents Much Toys "R" Us Is Likely Closing ALL of Its Doors, and That Sound Is 6-Year-Old You Sobbing
Preston Stone | 14 March, 2018, 14:32

The toy store giant and its companion stores Babies R' Us could all shut down by this week, according to published reports.

Toys R Us is preparing for liquidation and may shutter all of its roughly 800 USA stores, according to multiple media reports.

"From product expertise to in-store events, independent retailers are connected to their customers and their community in ways unmatched by online or mass market", said Kimberly Mosley, President of the American Specialty Toy Retailing Association, in a news release about the survey.

Xiaomi Redmi 5 set to launch today
The Redmi 5a Prime has a hybrid 32GB ROM and a 3GB RAM while its counterpart, the Redmi 5a houses 16GB ROM and 2GB RAM. On the photography front, the Redmi 5 features a 12MP rear camera with f/2.2 aperture, PDAF and an LED flash.

Toys R Us has been struggling for months to stay in business and now multiple reports suggest the toy retailer could be calling it quits. A hearing in bankruptcy court is scheduled to be held on Thursday, after being delayed. 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. An employee at the Glens Falls location declined to comment, but some items in photos on the store's Instagram account were discounted.

Earlier in 2018, the company announced it would close about 180 stores as part of its bankruptcy restructuring, which included Babies R Us stores.

Fans of Toys R Us might want to do their shopping soon now that the toy chain is reportedly making preparations to liquidate its operations and shutter all of its stores. 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.

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