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

Mattel Inc

Toys R Us is preparing for liquidation and may shutter all of its roughly 800 USA stores, according to multiple media reports. Toys R Us has also pushed back its bankruptcy court date three times - another sign things aren't going well. Some of the people said they can't get anyone to respond to questions at the retailer, which filed for bankruptcy in September and faces a $5 billion debt load. In a tweet last week, Toys R' Us said they've seen an fantastic outpouring of love and they are still open for business.

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

Toys R Us, like many big-box stores, just couldn't keep up with its competitors like WalMart and Amazon. 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 past year. Sources familiar with the matter told the Wall Street Journal that a plan to shut down the stores is one of a few options being considered, but some lenders want to find a way for Toys R Us to continue operating. 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.

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. Now Toys "R" Us and other category killers like the now-defunct Sports Authority, Borders and Circuit City, are being upended by online retailers.

Related News:

Most liked

Instagram, Snapchat suspend GIFs after racist GIF found in library
It included a monkey and a man with a microphone with the speech bubble: "Keep cranking Bonzo, the numbers just keep on climbing". Since the GIF is available on both Instagram and Snapchat, it is Giphy that is at fault for this particular issue.

Dante is here to hunt down some Monsters
I, for one, can not wait to wield one of these and slash a Deviljho in the face... to see if it cries. The exact date and the details of the collaborative quests have not been announced yet.

Former Redskins' QB Kirk Cousins likely to sign with Vikings
Keenum led the Vikings to a magical season , and yet they refused to commit to him, choosing instead to pursue Cousins. Cousins has thrown for at least 25 touchdowns, 4,000 yards and a 93.9 passer rating in every year since 2015.

Manchester United derby hero Rashford unworried by time on the bench
There has been plenty of talk in recent weeks surrounding Jose Mourinho's handling of Manchester United wonderkid Marcus Rashford .

Jets players, fans react to Josh McCown signing on Twitter
He started 12 of his 13 appearances as a rookie in Minnesota, posting 2,919 yards and 14 touchdowns against 12 interceptions. The leg injury pulled a 180 on Bridgewater's career coming off an 11-win season and playoff appearance with the Vikings.

Packers sign Muhammad Wilkerson to 1-year deal worth up to $8M
The 2011 first-round pick made the Pro Bowl for the first time in 2015 after registering 64 tackles and a career-high 12 sacks. He will also contribute to the pass rush - Wilkerson recorded double-digit sacks in two of his seven seasons with the Jets.

Eagles release veteran TE Brent Celek
But his production has waned in recent seasons and the Eagles will save $4 million in salary cap space by releasing him. And as the Eagles aim to situate themselves as perennial contenders, they become more appealing to veterans like Ngata.

Will Marcus Smart play again this season? Celtics 'just don't know'
Smart is averaging 10.2 points per game for the Celtics, and he is their best on-ball perimeter defender. Get prep sports breaking news alerts from the Gwinnett Daily Post staff delivered to your email.

Bengals bolster O-line in trade with Bills, move back in draft
If the teams finalize the deal by Sunday, the Bills will save $4.85 million against the 2018 cap, according to the Buffalo News . Many thought the Bengals may use their 12th overall pick on a tackle, or an offensive lineman of some sort at the very least.

Prosecutors will seek death penalty for Nikolas Cruz, Parkland shooting suspect
But this week he failed to follow up on plans to ban the sale of assault rifles, or the sale of any type of gun to those under 21. Borges' family has filed notice that they will sue Florida authorities to seek money to cover the cost of his recovery.

Nicolas Cage to Voice Superman in Teen Titans GO! Movie
Animation announced this week that Cage will voice Superman in a cameo role for the upcoming Teen Titans Go! movie . However, it's now confirmed that Cage will finally get to play Superman in a movie, but only in a voice role.

Lead exposure increases risk for premature deaths & cardiovascular diseases
People with high blood levels had a 70 percent greater risk of dying from cardiovascular disease than those with lower levels. After the median follow-up of 19.3 years, 4,422 people died-including 1,801 from CVD and 988 from heart disease .

BP Midstream Partners (NYSE:BPMP) Earns Media Sentiment Rating of 0.18
It improved, as 17 investors sold EQM shares while 55 reduced holdings. 8 funds opened positions while 14 raised stakes. Another trade for 353 shares valued at $49,981 was bought by DiSimone Harry . (NYSE:HD) shares were sold by Carey Matt.

Iraqi PM Agrees to Lift Ban on International Flights to Kurdistan Region
In a statement, al-Abadi's office said flights will be resumed to the Erbil and Sulaymaniyah airports after a six-month suspension.

Warmer weather ahead in Oklahoma, but no rain
Windy and chilly with clouds, some sun, and a couple of snow showers, especially in the morning. Prevailing south winds 5 to 15 miles per hour with gusts to around 35 miles per hour .