Mattel, Hasbro tumble as Toys 'R' Us reportedly prepares for United States liquidation

11 March, 2018, 01:35 | Author: Irene Delgado
  • Toys 'R' Us Considers Closing All of Its US Stores

According to media reports, the company is preparing for a liquidation of its bankrupt US operations after failing to find a buyer or reach a debt restructuring deal with lenders.

A CNBC report says Toys R Us is thinking about liquidating all of its stores instead of restructuring.

The liquidation would hurt more than just Toys "R" Us.

But even in years when Toys R Us performed well, the debt payments ate into its profits and kept the company from investing in much need improvements to its stores and its online operations.

Stores outside of the US are not affected. The company is also considering other options, including a potential sale in bankruptcy if possible, the source told Reuters.

Toys "R" Us may be planning a sad end to its toy story: the liquidation of its bankrupt USA operations.

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In January, the company announced it would be closing more than 180 of its almost 880 US stores, including about two-dozen in California, affecting 4,500 workers.

The company could be forced to close all remain locations if it files for Chapter 7 bankruptcy liquidation, which would wipe out the company's debt. Toymakers, from large companies like Mattel to small companies with new products, will take a hit.

One company that could benefit from the model: Toys R Us. "You know it's a different vibe when you go inside of the store", says a father as he walked out with toys for his kids.

That's bad news for toy companies like Mattel and Hasbro, whose stocks are already falling.

But the holidays apparently didn't to play out as Toys "R" Us had hoped.

In Sept., Toys R Us announced they were filing for bankruptcy in an effort to restructure their business.

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