Toys R Us may liquidate its bankrupt United States operations, report says

Toys 'R' Us Considers Closing All of Its US Stores

But Toys "R" Us and its lenders have been on shaky ground since the holiday season, with the retailer at risk of not having enough cash to satisfy the terms of the loan.

The toy retailer filed for bankruptcy in September as it struggled with its $4.9 billion in debt. The retailer devotes so much of its space to toys - rather than the few aisles at Walmart and Target Corp. - it can take chances on new items and smaller suppliers.

After scrambling to keep its bankruptcy reorganization plan alive, Toys R Us is preparing for liquidation, people who weren't authorized to speak publicly about the matter confirmed Thursday.

Toys "R" Us Inc. are reportedly planning to liquidate its USA operations. To that end and following a top-to-bottom assessment of our business, we have chose to close a number of our USA stores.

Bloomberg also reported that the company could shutter its USA operations after "failing to find a buyer or reach a debt restructuring deal with lenders".

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Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

While Toys "R" Us isn't out of the game just yet, the effects of its bankruptcy proceedings are already starting to show themselves.

Smaller toy company Jakks Pacific fell almost 5% too.

While the plan is not final and Toys R Us is not commenting on the liquidation rumors, major toy vendors such as Hasbro and Mattel have seen a significant drop in stock prices. In January, it announced the shuttering of 180 locations. Weak holiday results have exacerbated concerns about the chain's ability to operate in the future.

Gift cards and other customer programs will be honored at closing locations, the company said.

Florida shooting: Gun control law moves step closer
The bill would raise the minimum age to buy rifles from 18 to 21 and create a waiting period on sales of the weapons. The new legislation allows the arming of some public school personnel, although classroom teachers are exempted.

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