Toys R' Us Considering Liquidation

Toys'R Us Is Said to Prepare for Shutdown of U.S. Operations

Share this article: A Toys "R" Us store. Fortune also reports that the worldwide branches are having just as many problems, with the company's only successful branch - Asia - in talks to be offloaded.

In February the company announced plans to close 200 stores.

Media rumors say that Toys "R" Us may liquidate its American stores after a Chapter 11 filing did not give management the tools to turn the company around.

The Reading store will be offering discounts of up to 25 per cent, including on its Babies R Us brand and other major toy brands.

Toys R Us filed for bankruptcy in September and recently started clearance sales at about 170 stores that it plans to permanently close in April.

The remaining stores across the USA are making preparations for liquidation.

A JPMorgan-led bank syndicate and a group of existing lenders initially agreed to commit $3.1 billion in debtor-in-possession (DIP) financing to support operations during the restructuring.

The company was trying to re-negotiate its $5 billion debt load, which it has carried since 2005.

The company's struggles aren't limited to its USA operations.

The liquidation will be a big blow for the toy industry, as the chain makes up about 15 percent of US toy revenue. The company has about another 800 stores worldwide. Over the decades, it grew into the largest USA toy chain.

In more recent years, sluggish traffic and the shift online took their toll. Hasbro fell more than 3 percent, while Mattel stock declined almost 5 percent.

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