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.
With the closing of Toys R Us, a former toy retailer is making a comeback. Amazon, Target, and Walmart all cranked up toy discounts during the holiday shopping buzz, severely hurting Toys-R-Us revenue during this critical time of business.
Toys "R" Us filed for bankruptcy previous year, and it announced last week that it expects to close all of its 735 stores in the US. It soon ballooned into one of the country's biggest toy retailers.
To see what a Toys R Us store looks like in the midst of the company's demise, we visited a Yonkers, New York location that was part of the initial round of Toys R Us closures.
Kassoff, like several other players, is watching the collapse of Toys R Us in the USA and seeing an opportunity worth potentially well over $1 billion.
Claire's is another retail giant to fall victim to lagging sales and mounting debt.
Now, the company's new owners are planning to open 1,000 pop-up KB Toys stores for Black Friday and the holiday shopping season.
By reviving the KB Toys brand in malls and stores, the group aims to fill in the gaps left by Toys "R" Us.
The sales start Thursday, March 22 and will end in June. "Also, if you're making a purchase, understand it's a final sale".
Simon Thomas, joint administrator and partner at Moorfields, said: "It is with great regret that we have made the hard decision to make 98 people redundant at the company's distribution centre in Coventry".