NEW YORK , N.Y. (WZTV) -- Toys R Us looks may be ready to liquidate stores, reports say.
To our loyal customers: We’ve seen an amazing outpouring of love and support in recent days and we truly appreciate it. Our stores are open for business, ready to bring joy to children wherever we can, and to help new and expecting parents navigate raising a family.— ToysRUs (@ToysRUs) March 9, 2018
The Wall Street Journal reported that the toy retailer is preparing to abandon restructuring efforts and liquidate all of its stores.
The newspaper also reported Toys R Us execs are slated to appear in bankruptcy court on Monday. The toy store giant filed chapter 11 protection in September. The Wall Street Journal reported the company wanted to "reorganize" its roughly $5 billion debt load. Toys R Us had a weak holiday season.
While reports of a possible closure loom, CNBC is reporting that this is a very "fluid" situation.
In January, Toys R Us made the announcement 182 of its stores were closing.