Toys R Us to announce closure of stores nationwide, according to report
Mar 14 2018 by Johnny Bowman
Toys R Us filed for chapter 11 bankruptcy back in September, hoping to restructure the company and come back stronger than ever, but now according to multiple reports, the company is filing for Chapter 7 bankruptcy - liquidation.
The Latham store will close by the end of the month and has launched a closing sale, an employee at the store said.
But industry insiders say that without a dedicated toy retailer pushing the segment year-round and not just at Christmas, toy makers will have trouble introducing new products instead of the old standbys.
Stores in San Jose, Emeryville, Pittsburg, Pinole, Brentwood, Union City, Fairfield and San Rafael were already on the chopping block as part of that move.
Toys "R" Us in Wilmington was not able to comment on if or when their store would close, and the manager referred WECT to contact their corporate media relations.
NY awards contracts to 1.38 GW of wind, solar projects
But what the renewable energy future holds for the South Asian giant will be critical for the world, climate change experts say. Progress is clearly happening quickly: During 2017 alone, India doubled its installed solar capacity from 10 GW to 20 GW.
BJP gains in Bihar, leads in Gorakhpur seat of UP
In Gorakhpur, the Samajwadi Party was ahead of the Bharatiya Janata Party, which was earlier held by Chief Minister Adityanath. However, by 12:50, the SP was leading by more than 13,000 votes after counting of seven rounds with about 122,000 votes.