Toys 'R' Us liquidation sale starts March 22

KB Toys could be making a comeback to fill void left by Toys ‘R Us

The closure of the 92 Claire's stores will not trigger a massive sale of their merchandise, but with Toys-R-Us liquidating all of their stores, massive sales will be taking place. The bankrupt toy retailer has laid out plans to close all of its 735 stores after recording weak sales and failing to find a corporate buyer. The decision to shutter all its stores came last week, only a year after the company filed for bankruptcy with the hopes of revamping its business plan and reviving struggling stores. This was not altogether surprising as Toys "R" Us had already filed for bankruptcy in September.

On March 15, a Toys "R" Us spokeswoman confirmed that the company would still honor gift cards for the next 30 days. This was compounded by the fact that many of their vendors were hesitating to provide supplies for the company, stating their concern about receiving payment due to the large amount of debt Toys-R-Us had.

Just as we're getting ready to say good bye to Toys R Us, a savior emerges.




More: Who's going to suffer most from Toys R Us exit?

Strategic Marks owns the rights to KB Toys, which operated more than 1,000 stores in its heyday.

David Kurtz, vice chairman and head of global restructuring at the investment bank Lazard, Ltd., which was advising Toys R Us during its restructuring, said Toys R Us executives began to realize that they might not meet their holiday projections as early as Black Friday, the kickoff of the Christmas toy shopping season.

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