KB Toys Plans To Make Comeback After Toys 'R' Us Closures

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

Toys "R" Us is on its way out, but KB Toys is set to pop back up.

The company is also considering selling off other overseas stores, while keeping the business running. The company bought Whole Foods Market previous year and also has a line of bookstores.

The 70-year-old Toys "R" Us story will end with a clearance sales frenzy at its 735 stores across the USA -beginning as soon as this week-drawing a close to an era of American retail.

Amazon is testing two-hour grocery delivery in Austin, Texas, as well as Cincinnati, Dallas and Virginia Beach, Va., for Amazon Prime members who make online orders. Nothing came of those talks.

KB Toys started out as a family-owned business in 1922 and become one of largest USA toy retailers.

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Could Amazon be taking on a number of the vacated Toys R Us stores, now the toy giant is practically gone from the US?

Operating under the assumption that the majority of parents will continue to buy toys for birthdays and holidays, Lennett estimates that the organic decline for the total USA toy industry will be in the low single digits. The division in the U.K.is now being wound down.

However, the toy retailer is hoping that it can find a buyer for its Canadian unit that is performing relatively well. A buyer could potentially still operate some USA stores from a Canadian base.

That's when the company could get approval to start discounts and begin hanging "Store Closing Sale" signs. MGA Entertainment CEO Isaac Larian, for one, told Kidscreen last week that TRU's closures could cause toymakers to see company revenue declines of up to 15% this year. The company has announced that it will shut down all its stores in the U.K. The future of its stores in Australia, France, Poland, Portugal and Spain are also hanging in balance.

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