Toys 'R' Us could go out of business next week

Toys 'R' Us could go out of business next week

Bloomberg reported on Thursday that Toys "R" Us is making preparations for a liquidation of its bankrupt USA operations.

Toys R Us is expected to start closing stores and making staff redundant as early as next week, as hopes of finding a buyer for the ailing retailer fade. "Toys "R" Us is where new products can be discovered and blossom".

While Toys "R" Us isn't out of the game just yet, the effects of its bankruptcy proceedings are already starting to show themselves.

"It's like nostalgia. I mean, everybody's gone to Toys "R" Us since they were a kid", Kayla Pitzer said as she shopped with her son.

There are two Toys "R" Us store locations in Mays Landing and Vineland and a Toys "R" Us Outlet Center at the Tanger Outlets in Atlantic City.

Mario Kart's driving through Google Maps for the next week
Have you taken Mario Maps for a spin? Not only that, but $10 is quite a bit to spend on a mobile game, even if it's Mario related. Google is celebrating Mario Day on March 10 by letting you drive around town as the iconic Nintendo video game character.

Some of its struggles are tied to its massive debt load from its $6.6 billion leveraged buyout by private equity firms Bain Capital and KKR & Co. more than a decade ago.

The company has stores in Bloomington, Champaign and Springfield.

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.

As for the other toy companies, Hasbro is in a better situation to weather this storm than Mattel at the moment. But the toy chain has also been sacked by heavy debt, which precipitated its bankruptcy filing last fall.

All Kids R Us stores closed in 2003. In February, the company, based in New Jersey, said it would likely be closing 200 more stores or close to half its total.

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