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KB Toys plots a comeback as Toys R Us collapses

22 March 2018, 01:37 | Melanie Burgess

KB Toys plots a comeback as Toys R Us collapses

NPD: Toys “R” Us closures will not tank the industry

If you haven't visited a Toys R Us recently and happen to live near one, you might want to take a minute to call the store this week and see if the sale has begun.

While we still believe Mattel's shares are significantly undervalued, we believe near-term headline risk surrounding the Toys "R" Us liquidation could continue to weigh on shares over the next several months before stability in share performance could resume.

That's about how much in sales Toys R Us would leave on the table if it were to close all of its USA stores.

We went to a Toys R Us store in Yonkers, New York, that was part of the initial round of store closings. At that point, the stores will close for good, though the company is working on a package deal to sell its Canadian operations that could keep up to 200 profitable U.S. stores open.

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"Toys already had like $5 billion of debt", said Adam D. Stein-Sapir of Pioneer Funding Group, which specializes in analyzing and investing in bankruptcy cases, and who is not involved in the case. With majority of their 3000+ stores located in malls, the teen jewelry company has been suffering from a decline in traffic in shopping malls. The company filed for Chapter 11 bankruptcy protection in September. Four Toys "R" Us stores and two Babies "R" Us stores will close in Utah.

When Call 12 for Action contacted the North Attleboro and Warwick locations, associates said liquidation sales are expected to start Thursday.

The closure of these stores marks a concerning time for retailers, with the rise of online retailers taking over a large portion of business.



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