Toys R Us To Close All Of Its U.S. Stores

March 9, 2018

According to news reports, the biggest toy store in the world at one time, Toys R Us is planning to close its doors in the U.S. The store, which was founded in 1948, has not found a buyer to restructure the business.

The company reportedly took out a $3.1 billion loan to keep the stores open during the holidays with hopes to turn the store around. Unfortunately, Christmas sales were the worst ever because of the new way of retail, A.K.A. shopping online! 

Many toy makers and toy companies such as Hasbro and Mattel will be affected severely.

Toys R Us has officially entered bankruptcy and will most likely soon be closing its U.S. stores officially.