Closing Time Looms for All Toys R Us Stores

Closing Time Looms for All Toys R Us Stores

Toys "R" Us in Wilmington was not able to comment on if or when their store would close, and the manager referred WECT to contact their corporate media relations. Company executives have said those stores would begin liquidating inventory in February and be closed by mid-April.

Toys R Us is preparing for liquidation and may shutter all of its roughly 800 USA stores, according to multiple media reports.

For those who need a Toys R Us fix, remaining stores in the Bay Area include a shiny new store in Concord that opened just before the end of 2017, as well as locations in Dublin, Gilroy, Fremont, Hayward, Livermore, Milpitas, Redwood City, San Mateo, San Bruno, Salinas, San Jose, Santa Cruz, Sunnyvale, Vallejo and Colma. The toy stores could be closing its doors as soon as next week.

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The company also operates a Toys R Us and Babies R Us store across from Colonie Center and a Toys R Us store in Clifton Park that were not included on the list of closures but would be affected by the retailer's liquidation. As consumers do more and more of their shopping online, the big-box stores fall further and further behind.

Toys R Us now has about 800 stores in the United States. CNNMoney reports toymakers Hasbro, Mattel, and Jakks Pacific all saw their shares of their stock fall after news broke of the bankruptcy - and it comes at a bad time for the toy industry.

"To our loyal customers: We've seen an incredible outpouring of love and support in recent days and we truly appreciate it", the company tweeted Friday. Both Hasbro and Mattel saw a decline in sales past year, and now the toy companies are losing one of their biggest retailers.



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