We're in discussions with numerous toy manufactures, as we try to find out the best way to support them and the 20% loss of the United States toy market due to the Toys R Us liquidation.
Toys "R" Us filed for bankruptcy earlier this year and announced it will be closing all of its locations by April 15.
If you have gift cards, you need to act fast.
Somewhere between Spencer Gifts and the Orange Julius, onetime mall staple KB Toys is apparently rising like a fiery phoenix to claim the retail space left newly vacant by the Toys "R" Us vacuum. To that end and following a top-to-bottom assessment of our business, we have chose to close a number of our USA stores. The toy superstore chain, which last week announced plans to dissolve its USA operations, came seeking court approval for its liquidation sale plan.
They plan to have their stores up and running before Christmas.
MGA Entertainment confirmed last week that its CEO Isaac Larian and affiliated investors are a bidder for the Toys "R" Us Canada operations.
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KB Toys says its planning a comeback!
Another puzzling question about Toys "R" Us' future is whether the brand will live on after the stores are wiped out.
Some suppliers are demanding the company return any unpaid inventory rather than selling it and using going out of business sales to pay secured lenders and bankruptcy lawyers, at their cost, court papers showed.
What do you think of Toys "R" Us closing its doors?
"This is a profoundly sad day for us as well as the millions of kids and families who we have served for the past 70 years", Brandon said in a statement.