The end is closer for Toys R Us

The end is closer for Toys R Us

The toy store giant and its companion stores Babies R' Us could all shut down by this week, according to published reports.

There's no word as of now on what exactly this all means for Babies "R" Us, but seeing as many Toys "R" Us locations also house the baby gear superstore, this could mean that expectant moms may have to look elsewhere when it comes time to create a registry.

The fun could be over for Toys "R" Us as the chain reportedly has missed payments to its suppliers without explanation and prepares to file a liquidation plan with a U.S. Bankruptcy Court. In January, stores in Cherry Hill, New Jersey and Exton, Pennsylvania became a part of a growing list slated to close after the retailer entered bankruptcy a year ago. "They said with liquidation they can't do any returns or exchanges", said Mancini.

The Latham store will close by the end of the month and has launched a closing sale, an employee at the store said.

Shares of Hasbro and Mattel slipped on the Toys R' Us news.

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Nothing is finalized regarding the liquidation just yet, but it seems like a dire enough situation that you may want to take a nostalgic stroll with your kids through the Toys "R" Us stores of your childhood before they're all gone.

A survey of about 850 independent retailers by the firm Advocates for Independent Business found that small retailers believe their "smaller size and greater understanding of their local markets" makes them more nimble than chains like Toys R Us and better at responding to shifts in the retail industry.

The retailer has faced pressure from online retailers and a hefty debt load.

"To our loyal customers: We've seen an unbelievable outpouring of love and support in recent days and we truly appreciate it", the company tweeted Friday.

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