losangelesnewstoday.com June 18, 2018

Amazon looking into possibly acquiring some Toy 'R' Us

21 March 2018, 08:00 | Maryann Sutton

Use Gift Cards for These 9 Hudson Valley Stores While You Can

Toys R Us liquidation sales will begin as soon as this week

Right now, the plan is to open about 1,000 pop-up stores ahead of Black Friday this year. According to Bloomberg Technology, the online retail behemoth is not so much interested in maintaining the beloved toy store's brand, as it is repurposing the soon-to-be-vacant spaces for its own purposes-purposes that may coincide with the company's increased push into fresh food.

One adviser for Toys R Us, Joseph Malfitano of liquidation specialists Malfitano Partners, described the Toys R Us sell-off as "probably the largest retail liquidation in the country's history". That forced the chain to divert resources from operating priorities in order to repay lenders. "Consumers will not put an end to buying toys because their local Toys "R" Us store closed its doors", Lennett said. Potential investors, like shoppers, seem to have lost interest in Toys R Us.

Phillips was not swayed by arguments by vendors that they would be better off if the Chapter 11 liquidation case was converted to a Chapter 7 liquidation, with the sale of assets placed in the hands of a court-appointed trustee.

On Thursday, the brick-and-mortar chain confirmed plans to close all of its USA stores, filing for Chapter 11 bankruptcy just six months after sketching out ambitious reinvestment plans meant to ward off accelerated competition in the industry. In fact, United States births hit a record low in 2016, with the current ration at 62 births per 1,000 women. But employees are likely to suffer, as will smaller toymakers who lack the diversified revenue streams of companies like Hasbro.

Is Cardi B Pregnant? Report Suggests She's Expecting First Child with Offset!
According to TMZ , the " Bodak Yellow " rapper and fiance Offset are expecting their little bundle of joy in July. The "Motorsport" rapper has managed to continue to flow of her grind.

It is just the latest big box retailer to fall victim to the changing marketplace.

When a store goes out of business, so do the gift cards.

Gift Cards will be good for the next 30 days only; when a company files for bankruptcy gift cards no longer need to be honored but many do for a limited time, which is the case here.

Other News

Trending Now

Virginia's Ty Jerome shakes head at reporter's question about UMBC upset
Well, knocking off the No. 1 team in the country by 20 points in the first round of the NCAA Tournament should do it. It meant that the Retrievers became the first America East team to win three postseason tournament games.

Enemy of Putin was murdered, police say
United Kingdom police say "there are no wider public health concerns" around the investigation into Glushkov's death. Glushkov told The Guardian at the time of Berezovsky's death: "I'm definite Boris was killed".

Samsung To Offer Same-Day Repair Service For Galaxy Smartphones
According to Samsung, "walk-ins are always welcome" and uBreakiFix will offer "same-day repairs" for most issues. Among current customers of Samsung, its score has now risen to 76, compared to a pre-crisis score of 73.

Del Potro claims Indian Wells title
While Federer struggled mightily to find the court with the match on the line, Del Potro was finding another level. I am just enjoying my life and playing around the world. (Having said that), Juan Martin well played today.

Cheltenham Festival: Native River powers to thrilling Gold Cup glory
Anibale Fly, a 33-1 outsider, finished third, four lengths behind Might Bite , in this country's most prestigious weight-for-age race for jumpers.

There's a big chance Neymar will leave PSG, says Luiz Gustavo
The Brazilian said that he hoped Neymar would come at the end of the season, hinting that talisman Cristiano Ronaldo would also welcome the move.

Ex-LSU star Tyrann Mathieu signs one-year deal with Houston Texans
If such a conversation did happen, you have to know that Colbert was not interested in signing Mathieu to a one-year contract. The 25-year-old was playing more snaps in the box, and he played the most snaps in the National Football League in 2017.

Epic Games Announces Major Plans for Fortnite at E3 2018
If so, Epic Games can add you to the list and find your progress and purchases from other devices after you log in. If a friend has received an invite, he or she will soon receive friend invite codes as well.

Defamation case against Trump to move forward
Jones , a case that found that a sitting president wasn't immune from being sued in federal court for unofficial acts. Although Trump now must respond in court to the complaint, an immediate appeal is highly likely.

Pennsylvania Republicans lose challenge to redrawn congressional map
The old map was an egregious attempt to predetermine congressional elections, which is why they ruled the map as unconstitutional. It has always been our belief that the Pennsylvania Supreme Court acted in the best interest of the citizens of our commonwealth.