Toys R Us Could Liquidate Stores by the End of the Week

It looks like the end is finally here. After news started swirling around last week, it looks like Toys R Us plans to draft plans to liquidate their remaining stores. It looks like the actual court hearing was delayed until Thursday according to Bloomberg. With nearly $5 billion in debt, the retailer just missed payments to vendors with no explanation. This leads many investors to believe the retailer has no other options but to close operations for good.

The struggles of Toys R Us have also taken a toll on the two largest U.S. toymakers, Hasbro and Mattel. Shares of those companies fell on Friday after Bloomberg reported about the possible liquidation, then dipped again on Tuesday.


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