Sounds like they are gonna liquidate all 800 stores. Not shocking...but man, that place was amazing as a kid. The massive lego isle. The video games you had to buy using a packing slip Ah those were the days.
Toys R Us could close all 800 of its US stores - INSIDER
Toys R Us could close all 800 of its US stores - INSIDER
Toys R Us is preparing to potentially close all of its US stores after weak holiday sales thwarted its plans to restructure the business through bankruptcy proceedings, according to several media reports.
That means blowout liquidation sales at its roughly 800 stores could begin within a matter of weeks, according to Corali Lopez-Castro, a bankruptcy lawyer and managing partner at Kozyak Tropin and Throckmorton.
If the event of a liquidation, "Toys R Us is not going to want to drag this out," Lopez-Castro said.
The longer the stores stay open, the more rent Toys R Us will owe to its landlords.
The company would only need a few weeks to heavily advertise the sales before kicking them off, she said.