"They won't have the one-stop shop convenience, but I do think they have enough resources in town both between big stores and local companies that they will be able to find what they need", said Sarah Ortega, Certified Lactation Counselor at Renown.
The rest of the company's creditors were part of the initial bankruptcy filing and their collateral is Toys' other assets.
Toys "R" Us announced earlier in March that it was going out of business, which would affect close to 30,000 employees, according to the Deseret News. Amazon would not acquire the stores to maintain the Toys "R" Us brand, according to the report.
Last week, we learned that "the world's greatest toy store", Toys "R" Us, is shutting down all of its remaining stores in America.
"Well, with the demise of Toys R Us, this week, we have now accelerated our business plan and hope to have our stores up and running before Christmas", Kassoff said in the statement.
Are you already missing Toys "R" Us? "And we on objective left some big items on our registry in hopes of getting that money back and purchasing it", Young said. As an ironic historical footnote, at the time of its first bankruptcy, the retailer was owned by Bain Capital, one of Toys R Us' private equity owners. A representative of Babies R Us couldn't be reached about the timing of its inventory liquidation. The company said, "This decline may be attributable to several factors, including competition from big-box retailers, large tenant closures, and the increased popularity of online shopping". The exception, they note, is Ollie's Bargain Outlet, which typically sells at deep discounts year round.
"$358.00 that we were expecting back from them".