Topeka Toys 'R' Us liquidation expected in next few days

Topeka Toys 'R' Us liquidation expected in next few days

With the closing of Toys R Us, a former toy retailer is making a comeback.

Ellia Kassoff, founder of Strategic Marks LLC announced on Linkedin that it had planned to reopen KB Toys but, with the closing of Toys R Us it has accelerated its business plan and hopes to have its stores up and running before Christmas. As an ironic historical footnote, at the time of its first bankruptcy, the retailer was owned by Bain Capital, one of Toys R Us' private equity owners.

Some Toys "R" Us investors are mulling whether to salvage some stores as part of a slimmed-down version of the business, the New York Post reported. A representative of Babies R Us couldn't be reached about the timing of its inventory liquidation.

Government must ensure Dapchi schoolgirls' welfare after return
Before his departure, Information minister, Lai Mohammed said the girls were released unconditionally. Boko Haram received millions of euros for the release of some of the Chibok girls previous year .

The company that owns the KB Toys brand, Strategic Marks, is going to work with tried-and-true holiday and pop-up pros like Spencer Spirit Holdings and Party City to get retail space as quickly as possible, CNN Money reports. The company filed for Chapter 11 bankruptcy and agreed to a restructuring plan to reduce its debt by $1.9 billion.

Target, Walmart, Amazon and others are also poised to take on new toy sales as Toys R Us closes stores. The sales will start of on the lower end, around 25 percent, with an increase in discount happening in the coming weeks. "The risk is that consumers load up on toys that have price reductions of 30 to 90% [i.e., from Toys R Us closeout sales] and stock them away until the holiday gift giving season".

"If you have a gift card, use the gift card now", Fleming said.

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