Reports: Toys “R” Us could close all stores this week
(CNNMoney) — Bankrupt retailer Toys “R” Us may shut all its US stores as soon as this week, according to several reports.
That’s terrible news for the two biggest publicly traded toy companies. Investors are clearly preparing for the worst. Shares of Hasbro (HAS) fell 3.5% Friday morning while Mattel (MAT)plunged 7%.
Smaller toy company Jakks Pacific (JAKK) fell nearly 5% too. Canada’s Spin Master, which owns the popular line
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