America is about to become a Toys "R" Us graveyard

Toys R Us in Oldbury West Midlands is still open although the staff do not know when it will close

Toys R Us in Oldbury West Midlands is still open although the staff do not know when it will close

The Wall Street Journal earlier on Wednesday reported that Toys "R" Us Chief Executive David Brandon told staff about the likely closures on a conference call.

A dozen-plus major retailers filed for creditor protection past year, including Topeka, Kan. -based Payless Inc., San Francisco-based Gymboree Corp. and Sunrise, Fla. -based Perfumania Holdings Inc., all of which were using the Chapter 11 process to close underperforming stores and expand online operations.

In filing for bankruptcy protection last fall, Toys R Us pledged to make its stores more interactive.

Six months ago, the struggling toy company filed for bankruptcy.

The Kahului Toys R Us Express store on Maui had closed in January.

They will be followed by shops at the Birchley Island in Oldbury, the Merry Hill Centre and at Stafford's Queens Retail Park - opened only past year - over the next six weeks.

The US parent company filed for bankruptcy in September.

We bought a Lego Star Wars figurine of cult character BB-8 for £76.49, reduced from £84.99, from a branch of Toys R Us in North London.

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Following this morning's announcement of United Kingdom stores closing, Wall Street Journal is reporting that Toys" R " Us is set to sell or close all locations within the USA as well.

Many Americans may recall a time when visiting a Toys "R" Us store felt like walking into a sort of wonderland.

The chain started to close stores in January, including six in MI, following a disappointing holiday season. Its catchy jingle, with the refrain "I don't wanna grow up, I'm a Toys R Us kid", was a long-running television staple.

More: If Toys R Us goes away, where will shoppers go?

It is a colossal failure for a company that started out in 1948 as a small store that sold cribs, strollers and other baby items in Washington, D.C.

But in recent years, the company lost its footing and couldn't invest enough to keep its stores or websites competitive.

So if you've got Toys R Us gift cards lying around, you might want to buy something soon.

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