Toys R Us considers closing all US stores

Toys R Us considers closing all US stores
Toys R Us could potentially close all of their US locations.

TUCSON, AZ (Tucson News Now) - It's a sad time for toy makers.

According to reports from CNN and Bloomberg, Toys R Us could shut down all of its stores in the U.S. "as soon as next week."

The reports from individuals close to the company come as Toys R Us has failed to find a buyer as it makes plans to restructure its debt. The company filed for bankruptcy in September and announced the closure of 182 stores across the country.

While the plan is not final and Toys R Us is not commenting on the liquidation rumors, major toy vendors such as Hasbro and Mattel have seen a significant drop in stock prices. Another surprise this week was LEGO's reports that its sales dropped for the first time in 13 years.

There are about 1,600 Toys R Us stores in the world, about half of which are in America. While the fate of Babies R Us is unclear, it would be safe to assume the company would close those stores as well.

There are two Toys R Us and two Babies R Us locations in Tucson.

With Toys R Us being the last superstore dedicated to toys and possibly leaving the U.S. market, toy makers could struggle to promote their products.

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