Toy giant Toys 'R' Us may close all of its U.S. stores as early as next week as the company prepares to liquidate its U.S. operations, according to CNN Money, Bloomberg and other financial publications.
The retailer filed for Chapter 11 bankruptcy protection back in September, as it struggled with $5 billion in debt. A disappointing holiday shopping season has hurt the company’s chances of recovery.
A spokesperson for Toys 'R' Us declined to comment on the liquidation, and the New Hartford location could not be reached for comment.
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