Toys R Us Liquidation Sale Delay
Today was supposed to be the start date of nation-wide liquidation sales for retailer Toys R Us. According to a report from WGRZ, the sales have been delayed until tomorrow.
According to Business Insider, many stores had signs indicating the sale was delayed with one sign saying, "Attention customers, liquidation sale has been delayed. We are waiting for the final approval."
"Most of our end-customers are newborns and children and, as a result, our revenues are dependent on the birth rates in countries where we operate," the filing said. "In recent years, many countries' birth rates have dropped or stagnated as their population ages, and education and income levels increase. A continued and significant decline in the number of newborns and children in these countries could have a material adverse effect on our operating results."
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