KB Toys eyes return after Toys 'R' Us files for bankruptcy

KB Toys eyes return after Toys 'R' Us files for bankruptcy

KB Toys eyes return after Toys 'R' Us files for bankruptcy

When we asked about returns, employees said get them in as soon as possible, today even or at the latest tomorrow, but a different employee said it will be up to the liquidation team as to whether or not returns will be taken.

The company, which filed for bankruptcy in September, announced plans to shut down its USA operations last week.

As Toys "R" Us announces it will close all remaining USA stores court filings show the toy giant blames deep discounts from Amazon, Walmart and Target for putting them out of business. The Canadian business unit might live on in combination with select U.S. stores if a buyer can be found.

The timetable was disclosed Tuesday at a hearing in U.S. Bankruptcy Court in Richmond, Va. Toys R Us used computers earlier than many companies.

They plan to have their stores up and running before Christmas.

Representatives for Amazon and Toys "R" Us declined to comment.

What do you think of Toys "R" Us closing its doors?

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Toys R Us Asia operates as a separate legal entity to Toys R Us Inc, and according to Fung is "financially independent from all other Toys R Us operating companies around the world".

There are federal and state laws which prevent gift cards from expiring in IL, but that's not the case when a retailer files for bankruptcy and closes its doors.

More than four dozen toy manufacturers, including big names like Lego and Mattel, have filed objections to Toys R Us' liquidation plans.

"We're just as excited about the toys as the kids who come in", said Chip Honer, head of game development at Legacy Toys.

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