Toys 'R' Us Going Out Of Business, Closing All Stores

The Barbie Dreamhouse

Company executives have said those stores would begin liquidating inventory in February and be closed by mid-April.

In the Bay Area, a complete shutdown would mean the closure of 19 Toys R Us and Babies R Us stores, not including nine local stores that the company in January announced would close as part of its effort to shutter 182 stores across the country and emerge from bankruptcy.

Nothing is finalized regarding the liquidation just yet, but it seems like a dire enough situation that you may want to take a nostalgic stroll with your kids through the Toys "R" Us stores of your childhood before they're all gone.

The rumors of liquidation are still unconfirmed but anonymous sources have given confirmation to several news organizations like USA Today, and The Wall Street Journal.

The bleak situation lends evidence to the notion that Toys R Us is moving toward winding down its USA operations for good. Payless ShoeSource, JC Penny, Macy's, and Radio Shack all had to close down several locations previous year. Now Toys "R" Us and other category killers like the now-defunct Sports Authority, Borders and Circuit City, are being upended by online retailers. CNNMoney reports toymakers Hasbro, Mattel, and Jakks Pacific all saw their shares of their stock fall after news broke of the bankruptcy - and it comes at a bad time for the toy industry.

The struggles of Toys R Us have taken a toll on the two largest USA toymakers, Hasbro and Mattel. Squeezed by giants and Walmart, and hobbled by $5 billion in debt, the retailer that once dominated toy sales in the US filed for bankruptcy protection back in September.



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