Toys R' Us and Babies R' Us close doors

Toys R Us

Strategic Marks LLC which acquired the KB Toys name plans to relaunch the business. Kassoff said in his post that he wanted to "bring back KB Toys the right way so it can compete with not only the big-box stores but online as well". KB Toys is positioned to ensure the toy-buying frenzy of the Christmas season will proceed unhindered!

According to USA Today, the company's distribution centers will permanently close their doors before Toys R Us officially does, which means the company will have tons of merchandise it needs to move as quickly as possible.

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 U.S. toy industry will be in the low single digits. The company is hoping to keep at least 200 open in order to sell its operations in Canada. The plan includes airport locations, worldwide expansion and a new, smaller NY flagship.

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First we took first-half sales down about 4% to 5% from where they were previously modeled for these businesses. Within the next week or two, the company will begin selling off their inventories at a discount. We've reduced our Hasbro fair value by $3, to $97, and our Mattel fair value to $21.50 as we made three major changes to our 2018 outlook while Toys "R" Us liquidates.

That could pose headwinds, too, for the revival of KB Toys, once the second-to-last remaining national chain of toy stores. The teen jewelry and accessories giant Claire's is another retail giant that has succumbed to financial troubles, declaring bankruptcy and announcing the closure of over 90 stores around the country.

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