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KB Toys plots a comeback as Toys R Us collapses

KB Toys plots a comeback as Toys R Us collapses

With the closing of Toys R Us, a former toy retailer is making a comeback.

On March 15, after failing to reorganize around its successful stores, the toy superstore said it had to liquidate.

So take heart, consumers who are mourning Toys "R" Us' loss.

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Back in late January, the company announced plans to close just 170 Toys R Us and Babies R Us stores. "Now, with the closing of [Toys R Us] so quickly, it caught us by surprise so we've spent the last few days with our team and leaders in the toy industry to figure out how we can accelerate the project so our stores can open for the Christmas season", he said.

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 United States toy industry will be in the low single digits. "And we on goal left some big items on our registry in hopes of getting that money back and purchasing it", Young said. 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. Its downfall had been blamed on a heavy debt load and relentless trends that undercut its business model, from online shopping to mobile games. Within the next week or two, the company will begin selling off their inventories at a discount. All sales will be final on purchases during the liquidation process. After that, you risk forfeiting any value on these cards.

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