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.
Arun Jaitley files nomination for RS poll
The main Opposition RJD fielded Delhi University professor Manoj Jha, who is also the national spokesperson of the RJD. Sources said the Congress had decided not to nominate any of its leaders, who had lost the 2017 assembly election.
Ronda Rousey was missing from WWE Raw
First of all, Rousey said she and WWE went to great lengths in order to prevent her debut in WWE from leaking out. Rousey has to look intimidating most of the time as smiling does not really fit her current character.
UP bypoll: BJP leading in Gorakhpur, Phulpur
He confirmed that after the fifth round of voting, the SP candidate has 74,077 votes in his kitty while the BJP has 70,317 votes. Bye-elections were held in Gorakhpur, Phulpur and Araria Lok Sabha seats, and Jehanabad and Bhabua Assembly seats on Sunday.
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.