"Toys 'R' Us" may close all USA stores


Bloomberg reported on Thursday that Toys "R" Us is making preparations for a liquidation of its bankrupt USA operations.

He noted that while liquidation is far from a certainty - reports this week said that the insolvent USA parent company was still working to reach a deal with its lenders - the Canadian unit, a standalone business with 82 stores and $1.08 billion in annual revenue, has sparked some interest.

In filing for bankruptcy protection ahead of the 2017 holiday season, Toys R Us said it wasn't planning on closing any stores at the time and instead hoped to open more smaller locations across the country.

While last year's bankruptcy filing only applied to the company's USA operations, it is struggling overseas as well.

The nation's largest toy store chain may be days away from liquidating its assets and shutting its doors for good. A representative for Wayne, New Jersey-based Toys R Us declined to comment for Bloomberg.

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Toys R Us may soon liquidate its USA operations, sources told CNBC.

Moorfields said at the time of the chain's collapse it is making "every effort" to secure a buyer for all or part of the business, but sources indicated this was unlikely.

One company that could benefit from the model: Toys R Us.

We'll keep you updated on the situation as more news becomes available. Hasbro fell more than 3 percent, while Mattel stock declined almost 5 percent.

"The worst case scenario is that about 10 percent of the sales of each of the toy companies goes away in 2018, with an associated roughly 10 percent hit to earnings", D.A. Davidson analyst Linda Weiser said. Toys R Us's United Kingdom unit put itself in the hands of a court administrator after discussions about selling the business fell apart.