But industry insiders say that without a dedicated toy retailer pushing the segment year-round and not just at Christmas, toy makers will have trouble introducing new products instead of the old standbys. Company executives have said those stores would begin liquidating inventory in February and be closed by mid-April.
For both past and present 'Toys "R" Us Kids, ' the news is devastating enough, but at the end of the day, parents will still be able to purchase toys at other retailers both in-store and online. Sources familiar with the matter told the Wall Street Journal that a plan to shut down the stores is one of a few options being considered, but some lenders want to find a way for Toys R Us to continue operating.
The bleak situation lends evidence to the notion that Toys "R" Us is moving toward winding down its USA operations for good.
The struggles of Toys "R" Us have taken a toll on the two largest toymakers, Hasbro Inc. and Mattel Inc. Their shares dropped last Friday after Bloomberg announced the possible Toys R Us liquidation and lost ground again after word of the missing vendor payments. Both Hasbro and Mattel saw a decline in sales a year ago, and now the toy companies are losing one of their biggest retailers.
RJD Wins Jehanabad, Ahead in Araria; BJP Retains Bhabua
Bihar , where votes are being counted for one Lok Sabha constituency and two Lok Sabha seats, seems headed for a status quo. Alam, who crossed over from JD (U) to Lalu Prasad's party RJD to contest the bypoll, is the son of Taslimuddin.
XIAOMI to launch four new smart phones on Jumia
Apart from this, the live stream is also likely to be available on the official Xiaomi India YouTube channel and Facebook page . The Redmi 5 sports a 5.7-inch HD+ IPS display with a resolution of 720x1440 pixels and comes with an 18:9 aspect ratio.
Harry Kane facing six-week layoff
Kane sustained an ankle ligament problem for the third time in 18 months during Tottenham's 4-1 win at Bournemouth on Sunday. Winks' game-time at Spurs has been hampered by a persistent ankle injury, which he first suffered at the end of last season.
Case Keenum Reportedly Ready To Sign With Broncos
Arizona is just one game under.500 over the last two years without a reliable starting quarterback. The Vikings reportedly are one of the finalists for Cousins, along with the Jets and Cardinals .