NPD: Toys "R" Us closures will not tank the industry

NPD: Toys

NPD: Toys "R" Us closures will not tank the industry

As a post on LinkedIn by Strategic Marks founder Ellia Kassoff made clear, "We believe we will have the infrastructure in place and [hope to] save the toy industry". With majority of their 3000+ stores located in malls, the teen jewelry company has been suffering from a decline in traffic in shopping malls.

KB Toys went out of business in 2009 and Toys R Us acquired the brand, according to CNBC.

With Toys "R" Us' liquidation plans underway, one of the toy chain's property arms has filed for bankruptcy, impacting $859 million of debt.

Northwest Austin has a Toys R Us and Babies R Us store at 9333 Research Blvd., Bldg.

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Toys "R" Us announced earlier in March that it was going out of business, which would affect close to 30,000 employees, according to the Deseret News. Interview requests with KB Toys were not returned. Efforts to merge up to 200 top-performing USA stores with its Canadian operations are also underway.

So what can credit unions and banks learn from Toys R Us? The plan includes airport locations, global expansion and a new, smaller NY flagship.

"Consumers will not put an end to buying toys because their local Toys "R" Us store closed its doors", Lennett said.

But, as Jeffries analysts led by Daniel Binder pointed out in a note last week, gains in sales to other players could take longer than some expect. Within the next week or two, the company will begin selling off their inventories at a discount. (MAT) and up to 200 smaller toy suppliers who are looking for new brick and mortar retailers.

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