Toys R Us has not spoken publicly about closing all its USA stores, and a spokeswoman declined to comment on that possibility.
The retailer is expected to announce this week that it's liquidating its entire USA operation, going out of business, and closing all of its 620 remaining stores.More news: Mohammed Shami, his family are threatening me, says wife Hasin Jahan
A vehicle drives near the main entrance for the Toys R Us global resource center, Wednesday, Jan. 24, 2018, in Wayne, N.J. Toys R Us, squeezed by Amazon.com and huge chains like Walmart, announced plans in January to close 180 USA locations and in recent days has missed payments to some suppliers as its USA division heads toward a likely liquidation. However, this is bad news for smaller toy retailers who were welcome on the toy mecca's shelves but may not have a space in the limited toy aisles of other stores, like Target and Walmart.
The company has failed to find a buyer or reach a debt restructuring deal with lenders, leaving it with few options, people familiar with the situation said at the time.More news: Reese Witherspoon, Kerry Washington's 'Little Fires Everywhere' Picked Up By Hulu
An updated on the matter was expected Tuesday.
Fans of Toys R Us might want to do their shopping soon now that the toy chain is reportedly making preparations to liquidate its operations and shutter all of its stores. Its scale gave it leverage with toy sellers and it disrupted general merchandise stores and mom-and-pop shops. Things are even looking a little bleak for larger toy companies like Mattel and Hasbro, which both experienced drops in the stock market once the Toys "R" Us news started flying this month.More news: National Weather Service Increases Snow Forecast For Framingham
"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.