• Toys 'R' Us plans to close all U.S. stores; 33,000 jobs at risk: source

    6 monthes ago - By Reuters

    Bankrupt Toys 'R' Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday.
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  • Toys R Us's likely liquidation will have a ripple effect

    6 monthes ago - By Chron

    NEW YORK - The likely liquidation of Toys R Us, the nation's largest independent toy seller, could add stress for the companies that make toys and games, and mean changes for the owners of the strip malls where most of its stores are.
    Here's a look.
    WHAT HAPPENS TO TOY MAKERS?
    Toy companies, both big and small, will lose a place to test new toys. Toys R Us was a launchpad for emerging trends and toys, such as ZhuZhu Pets, which were the must-have holiday toy in 2008.
    "Toys R Us was known as an incubator," said Jim Silver, editor-in-chief of toy review site TTPM.com.
    The toy makers will...
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  • From Geoffrey to Kids R Us: Toys R Us through the years

    6 monthes ago - By Chron

    Toys R Us, which is likely to liquidate its stores, traces its origins back 70 years to a single baby furniture store. Here's a look at Toys R Us through the years:
    -1948: Toys R Us founder Charles Lazarus opens Children's Bargain Town, a baby furniture store, in Washington, D.C.
    -1957: First Toys R Us store is opened.
    -1965: Geoffrey the giraffe becomes the company's mascot. He appears in his first TV ad in 1973. The company sells stuffed animals, Lego sets and figurines in Geoffrey's likeness.
    -1978: Toys R Us becomes a public company.
    -1983: Kids R Us opens, selling children's clothing...
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  • Game Over For Toys R Us: Chain Going Out Of Business

    Game Over For Toys R Us: Chain Going Out Of Business

    6 monthes ago - By NPR

    Toys R Us plans to close or sell all U.S. stores. The chain has struggled through a bankruptcy process, facing heavy debt inherited from a 2005 buyout and intense competition from Walmart and Amazon.
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  • Toys ‘R' Us Set To Close All of Its U.S. Stores

    6 monthes ago - By Fortune

    The end is nigh for Toys ‘R' Us as a big-box retailer.
    The bankrupt company told employees on Wednesday that it would most likely shutter all of its 700 or so remaining U.S. stores. The news comes just days after Bloomberg News reported that the one-time toy selling giant had been unable to find a buyer in bankruptcy court or restructure its debt, and that it was preparing to liquidate its U.S. business.
    The Wall Street Journal first reported about Toys ‘R' Us' announcement on Wednesday to its staff of 33,000.
    Stores will remain open for some time with liquidation sales set to begin in a...
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  • Toys R Us said to be planning to liquidate its US operations

    6 monthes ago - By Chron

    NEW YORK - Toys R Us's management has told its employees that it will sell or close all of its U.S. stores.
    That's according to a toy industry analyst who spoke to several employees who were on the call Wednesday.
    Jim Silver, a toy industry expert, says Toys R Us's CEO told employees the plan is to liquidate all of its U.S. stores and after that, it could do a deal with its Canadian operation to run some of its U.S. stores.
    The company declined to comment.
    The chain filed for Chapter 11 bankruptcy protection last fall, saddled with debt that hurt its attempts to compete.
    It pledged then to...
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  • Toys 'R' Us will likely shut all U.S. stores, risking 33,000 jobs: WSJ

    6 monthes ago - By Reuters

    Iconic toy store chain Toys 'R' Us Inc will sell or close all its U.S. stores in the coming months, risking up to 33,000 jobs, the Wall Street Journal reported on Wednesday.
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  • Toys ‘R' Us Says It Will Close or Sell All U.S. Stores

    6 monthes ago - By NY Times

    After filing for bankruptcy, the retailer tried to find a path to profitability but was unable to overcome its debt load and an outdated business model.
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  • Toys R Us will reportedly close all of its US stores

    Toys R Us will reportedly close all of its US stores

    6 monthes ago - By Business Insider

    Toys R Us is about to sell or close all of its stores, a according to a report from the WSJ.
    The chain informed employees of its more than 700 stores on Wednesday, according to the Journal.
    This story is developing.
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