Toys 'R' USA may have to close all U.S. stores

Toys 'R' Us Considers Closing All of Its US Stores

The company would only need a few weeks to heavily advertise the sales before kicking them off, she said. Both its United Kingdom and European divisions have sought buyers in recent months.

The company has been scrambling to keep its bankruptcy reorganization plan alive, but it seems the retailer is running out of time and money. The Canadian portion of the company filed for bankruptcy when the USA arm did.

Shares of Toys R Us debtholders Hasbro and Mattel saw their stocks fall in after-hours trade Thursday.

Toys still could get a last-minute reprieve if a deep-pocket investor or lender steps up.

The company, which filed for court protection for its American and Canadian divisions in September 2017, could close all 880 of its USA stores as a result, according to the reports. However, the result became worse more than expected during the holidays, casting doubt on the company's viability.

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In the metro-east, Toy R Us and Babies R Us are located on Commerce Lane in Fairview Heights. It had too many stores, its stores were too large, and its digital and online offerings lagged far behind the competition. The Wayne, N.J., company secured a $3.1-billion debtor-in-possession loan to maintain operations while it developed a plan to reduce its unmanageable $5-billion debt. And though the company hadn't reported an annual profit since its 2013 fiscal year because of interest payments, its operating income had risen 22 percent, to $460 million.

The beleaguered toy giant is now closing around half of its US stores, but they might not stop there.

Under bankruptcy protection, Toys R Us tried to find the financial flexibility to reduce that debt.

Fifteen percent of US toy revenue.

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