Toys R Us liquidation sales to begin Thursday

Share

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.

The toy retailer is in the process of closing 735 of its stores nationwide. Overall, the store was a sad vision of what's to come as Toys R Us closes locations. It will stop accepting gift cards April 19. The company filed for Chapter 11 bankruptcy protection in September.

Toys "R" Us announced earlier in March that it was going out of business, which would affect close to 30,000 employees, according to the Deseret News. KB Toys is counting on it.

Buhari congratulates German chancellor, Merkel, on her re-election
Speaking ahead of the bilateral talks, Mr Varadkar said: "I look forward to my first visit to Berlin as Taoiseach, and to congratulating the chancellor on her re-election".

A representative of Babies R Us couldn't be reached about the timing of its inventory liquidation. There's also the chance that 200 of the most profitable stores in the USA will remain open if the company (based in Wayne, New Jersey) can reach a deal to sell them to Canadian interests.

But, as Jeffries analysts led by Daniel Binder pointed out in a note last week, gains in sales to other players could take longer than some expect.

Operating under the assumption that the majority of parents will continue to buy toys for birthdays and holidays, Lennett estimates that the organic decline for the total United States toy industry will be in the low single digits. The exception, they note, is Ollie's Bargain Outlet, which typically sells at deep discounts year round.

Fortnite on iOS made over $1 million United States dollars in three days
At some point most gamers have probably heard someone (normally a parent) say that you can't make a living playing video games . Blevins talked a bit about why Fortnite is so popular, and that popularity is certainly key to his financial windfall.

Jaime Katz: We've recently made some changes to our fair values for narrow-moat toy companies Mattel and Hasbro in response to the recently announced liquidation of Toys "R" Us.

That could pose headwinds, too, for the revival of KB Toys, once the second-to-last remaining national chain of toy stores.

Strategic Marks purchased the "Great American Toy Store" (KB brand) from Bain Capital in 2016.

Sasikala claims Jayalalithaa refused to go to hospital
The affidavit also listed out the people who met the former CM and said that while C Vidyasagar Rao met her on October 22, O. Sasikala says that Jayalalithaa had already dropped hints that she was unwell but refused to go the hospital for a check-up.

Share