Toys R Us May Close Its Stores

2024 Author: Steven Freeman | [email protected]. Last modified: 2023-12-17 08:15

Toys "R" Us may close its doors next week in the United States.

Yes, the place where so many kids go to find a toy - the equivalent of an award - after having a great week or completing their homework and getting great grades, might not be operating in just a few days. This, because according to CNN, the company is bankrupt.

The news not only directly affects consumers, who enjoyed the VIP points program that the toy store had; A real relief for the pocket of so many families. This also hurts toy manufacturing companies like Mattel and Hasbro, CNN said. The note exposes that investors are preparing for a rather significant drop in the stock market by these industries.

CNN explains that although Toys “R” Us has declined to elaborate on the liquidation process, the process has already started in England. Why would this affect companies like Mattel, which creates the famous Barbie dolls, or Hasbro? Both companies get 10 percent of their annual sales from that chain of stores. An important fact that toy manufacturers are concerned about is that Toys “R” Us is the last mega store or the one that remains, so that many can present their products to the public. And yes, it could also be a problem for consumers who have already gotten used to regularly coming to the store to search for specific lines for their children. As well as the so-called sales of toys.