Topeka Toys 'R' Us liquidation expected in next few days

Topeka Toys 'R' Us liquidation expected in next few days

Topeka Toys 'R' Us liquidation expected in next few days

As bankrupt Toys R Us begins closing shop in the U.S.

Strategic Marks LLC which acquired the KB Toys name plans to relaunch the business.

In addition, NPD data shows that 70% of sales through Toys "R" Us were for an occasion like a birthday (23%) or Christmas (34%), and that almost 70% of toys purchased at Toys "R" Us were chosen because kids asked for that specific product or brand. If there's a silver lining in this mess, it's the recent report about KB Toys" potential return and the possibility it could take over some of the Toys "R' Us stores which are about to close down.

Kassoff, like several other players, is watching the collapse of Toys R Us in the USA and seeing an opportunity worth potentially well over $1 billion.

More news: Austin Bombing Suspect Blew Himself Up After Police Chase

Second, we expect corresponding pressure to gross margin as Toys "R" us marks down inventory to move product before shuttering doors. "Regarding the debt against the owned properties-$859 million-those creditors will be participants in the whole Toys bankruptcy case, with the caveat that their collateral is the owned real estate". The plan includes airport locations, worldwide expansion and a new, smaller NY flagship.

We've reduced our Hasbro fair value by $3, to $97, and our Mattel fair value to $21.50 as we made three major changes to our 2018 outlook while Toys "R" Us liquidates. I wanted to go in and have someone I could speak to and touch products and compare, said Heather Young, a mother of a 6-week-old child. The exception, they note, is Ollie's Bargain Outlet, which typically sells at deep discounts year round.

In January, the company announced plans to close just 170 Toys R Us and Babies R Us stores, many of which have already started going-out-of-business clearance sales.

That could pose headwinds, too, for the revival of KB Toys, once the second-to-last remaining national chain of toy stores. Kids are still playing with toys, Lennett said, and parents will look to other retailers to purchase them.

Related news