Toys R Us is preparing to potentially close all of its United States stores as part of a liquidation, according to several reports.
The company had previously announced plans to close 182 USA stores, including a Babies " R " Us in Jacksonville, after entering bankruptcy in September.
A Toys "R" Us spokesman declined to comment. Around three dozen retailers sought bankruptcy protection previous year due in large part to a radical shift in consumer behavior, both in where they shop, and what they buy.
Fifteen percent of USA toy revenue.
The Associated Press reports toy-maker stocks fell Friday after Reuters reported that Toys "R" Us is getting ready to liquidate its USA operations.
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The retailer said in January it would shut about a fifth of its USA stores as it tries to emerge from one of the largest ever bankruptcies by a specialty retailer. The retailer devotes so much of its space to toys - rather than the few aisles at Walmart and Target Corp. - it can take chances on new items and smaller suppliers.
There is only one Toys "R" Us in Texoma which is located in Wichita Falls near Sikes Senter Mall.
Toys R Us faced the same problems that have pushed other retail chains into bankruptcy.
Toys "R" Us generated US$11.5 billion in sales in 2016.
"The toy industry remains in flux", Gerrick Johnson, industry analyst at BMO Capital Markets, said in a research note on Friday, noting toy industry executives were concerned about the sector's health in 2018.
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