MIAMI (CBSMiami) — Not enough kids want to be a Toys “R” Us kid. The bankrupt toy retailer is reportedly making plans to liquidate U.S. operations and shutter stores.READ MORE: Activists Say Hundreds Of Cuban Protesters Have Been Arrested Since Anti-Regime Demonstrations Broke Out
The brick and mortar retailer has been struggling to reorganize and balance massive debt. It filed for bankruptcy last year and in January, announced the closing of about 180 locations.READ MORE: Broward County School Board Votes Unanimously To Make Mask Use Mandatory For Start Of School Year
All U.S. stores could close as soon as next week, according to several reports.
A spokesperson for Toys “R” Us declined to comment on the liquidation chatter.MORE NEWS: Teen's Death Investigation Continues After No Hazardous Materials Found In West Park Home
Toys “R” Us is the last megastore dedicated to toys. Without it, toymakers will struggle to promote anything but their most popular items.