The news around the US division of Toys R Us only continues to worsen. After word hit about a second series of store closings in addition to a list already encompassing hundreds of locations, Bloomberg is this afternoon reporting that Toys R Us is now planning a liquidation of its operations, which would likely mean the final end of the toy retailer in this country after attempts to achieve restructuring of their debts - or find an interested buyer - have proven unsuccessful. This might be one reason Studio Series Thundercracker - not due until late April - is starting to be found on store shelves. Keep reading for a link back to Bloomberg's article.
Bloomberg cites sources "familiar with the matter" in its report, and goes on to note that the situation is apparently not set in stone yet, and the current bleak course could be averted if a favorable deal is struck soon. But with the UK division facing a none-too-promising future right now, Canada's branch having filed for bankruptcy alongside the US arm, and it turns out the Asian territories are being shopped around for potential buyers as well, there doesn't seem to be a great deal of hope. If Toys R Us ultimately fails here and abroad, it will be a major blow to the toy industry as a whole.
Toys ‘R’ Us Is Prepping to Liquidate Its U.S. Operations - Bloomberg
