Toys R Us May Close All US Stores
Bloomberg reports that Toys R Us may indeed be preparing to shut down its entire US operation and close all remaining stores. Earlier news had us expecting only 182 stores to close, but we are now hearing from anonymous sources that TRU has failed to find a path out of its current debt and full liquidation may be their only option.
While nothing so concrete is known about the various international arms of the brand, it seems they all have their own problems and the chain may be in deeper trouble than previously thought. There may still be hope for a last minute financial rescue, but it looks like the giraffe’s neck is on the chopping block.
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