ToysRUs Shutdown Rumors Intensify

Posted: Mar 13 2018, 3:39am CDT | by , in News | Toys

ToysRUs Shutdown Rumors Intensify
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Is ToysRUs announcing the shutdown of all stores this week?

The story of ToysRUs might end this week. As reported, ToysRUs is struggling to find a buyer or find a deal with lenders on its debt. According to sources, ToysRUs is preparing to shut down all stores in the United States.

New TV reports claim, including ABC 6 Action News, that an announcement about the fate of ToysRUs could come today, Tuesday, March 13. According to our research, a court hearing planned for Monday has been postponed to Thursday, March 15. An announcement before that bankruptcy court date appears unlikely.

The court date has been moved several times already, indicating that there is a lot of activity behind the scenes. The ToysRUs stores in the UK are already closing down and sell everything in stores this month. The same could happen in the United States, ending an era.

ToysRUs filed for Chapter 11 bankruptcy protection in September of last year. The beloved toy retailer has already closed every 5th store. Now there is a chance that ToysRUs stores will be history. ToysRUs was founded in 1948 as a baby furniture store.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]




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