Toys 'R' Us is said to miss vendor payments as woes mount

Toys R Us

Toys R Us is preparing for liquidation and may shutter all of its roughly 800 USA stores, according to multiple media reports. That Holyoke store will close in April. In a tweet last week, Toys "R" Us said they've seen an unbelievable outpouring of love and they are still open for business.

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. "They said with liquidation, they can't do any returns or exchanges", Mancini said.

Toys "R" Us in Wilmington was not able to comment on if or when their store would close, and the manager referred WECT to contact their corporate media relations.

There's no word as of now on what exactly this all means for Babies "R" Us, but seeing as many Toys "R" Us locations also house the baby gear superstore, this could mean that expectant moms may have to look elsewhere when it comes time to create a registry.

Crying doll
A crying doll GIF as seen in a Facebook comment about Toys R Us

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

The bleak situation lends evidence to the notion that Toys R Us is moving toward winding down its USA operations for good.

"To our loyal customers: We've seen an fantastic outpouring of love and support in recent days and we truly appreciate it", the company tweeted Friday. Both Hasbro and Mattel saw a decline in sales previous year, and now the toy companies are losing one of their biggest retailers.

Toys R Us, like many big-box stores, just couldn't keep up with its competitors like WalMart and Amazon. David Fiorenza, an economics professor at the Villanova School of Business, said online retailers gain an advantage with tax breaks if nationwide closures happen.

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