Amazon In Talks To Buy Toys "R" Us Stores In US

BBB Bureau Briefs: Gift Cards & Bankruptcy - Newschannel 6 Now | Wichita Falls, TX

"Toys R Us Asia is open for business and continuing to serve our customers as we always do", Toys R Us Asia president Andre Javes said.

Toys R Us is moving to close or sell all 735 of its United States stores after filing a motion to liquidate last week.

And now that Toys "R" Us plans to close all its USA locations, KB Toys says it will resurrect sooner than planned.

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When a store goes out of business, so do the gift cards.

Amazon is mulling snapping up Toys R Us' American stores, it has been revealed.

Toys R Us was ahead of its time.

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Toys R Us will ask U.S. Bankruptcy Court Judge Keith Phillips to approve the liquidation timeline after the close of a hearing on the liquidation plan. The chain has 14 Toys R Us and Babies R Us stores in Rhode Island and nearby locations in MA and CT.

So, when Toys "R" Us is gone, how will this market void be filled, and, more importantly, what's next for toy shoppers? The toy superstore chain, which last week announced plans to dissolve its US operations, came seeking court approval for its liquidation sale plan. Creditors pushed for liquidation because they saw it as the most likely way to be repaid. The problem with the ToysRUs stores is that a lot of them are huge.

"We're just as excited about the toys as the kids who come in", said Chip Honer, head of game development at Legacy Toys. Meanwhile many toy brands including Mattel, WowWee, Zuru, and Lego have filed claims in the millions for unpaid goods that ToysRUs received or still in transit.

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