Toys "R" Us may liquidate its bankrupt U.S. stores

Toys'R Us Is Said to Prepare for Shutdown of U.S. Operations

Toys R Us is considering liquidating all USA stores amid troubled bankruptcy restructuring, according to multiple media reports.

While the situation is still fluid, a shutdown of the USA division has become increasingly likely in recent days, said those people, who asked not to be identified because the information is private, the Los Angeles Times reported Friday. And with every passing day, hopes are fading that a buyer will emerge to keep some of the business operating, or that lenders will agree on terms of a debt restructuring.

Toys "R" Us operated 900 stores across the USA and New York City's flagship store in Manhattan closed two years ago.

In February 2017, Toys "R" Us laid off 250 workers at its corporate headquarters in New Jersey.

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The company has also struggled in Britain in recent years, resulting in Toys "R" Us UK to go into administration, putting around 3,000 jobs at risk there.

Toys R Us representatives have not commented on the possible liquidation.

The Toys R Us location at 8009 Kingston Pike and the Babies R Us location at 9626 Kingston Pike remain open at this time. In filing for bankruptcy last September, Toys R Us cited a heavy long-term debt load of more than $5 billion.

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