Toys R Us is considering liquidating all USA stores amid troubled bankruptcy restructuring, according to multiple media reports.
The company has struggled to find a buyer or reach a debt-restructuring deal with lenders, leaving it with few options.
The toy chain's United States division entered bankruptcy in September past year, planning to emerge with a leaner business model and more manageable debt.
Folks shopping say Toys "R" Us is not just a store. The company is now saddled with around $5 billion in debt, and it has found it hard to find relief.
Liquidation of the Toys "R" Us chain is more bad news for brick-and-mortal retail chains who haven't found ways to stem the tide toward online shopping.
That became apparent on Monday when the stocks of two of the world's biggest toy makers tumbled in US trading. "So, we love Toys R Us", says Celena Martinez.
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Toys R Us may soon liquidate its USA operations, sources told CNBC.
Now, sources say the company could go out of business because it is running out of cash and can't get anyone to help.
The company has been shedding sales in large part due to growing competition from online retailers like Amazon.
There is only one Toys "R" Us in Texoma which is located in Wichita Falls near Sikes Senter Mall.
Numbers are also declining for other American toy companies, with Hasbro (3 percent) and Mattel (5 percent) seeing stocks drop. Toys R Us' sales, traffic and profit all fell far short of what it had told lenders to expect.
"Without a dedicated toy retailer - 365 days a year - you will see growth in the industry slow", Johnson said. In January it closed 180 locations.