Toys R Us could close all stores
The Times Union is reporting the American toy and child-products retailer Toys R Us is preparing for liquidation and may close all of its 800 U.S. stores. The announcement is expected to to be made this week, when the company is scheduled to appear in court for a bankruptcy hearing. Toys R Us filed for bankruptcy in September. Fifteen of its New York locations were on the list of planned closures announced in the fall, including Babies R Us in Latham and a Toys R Us in Glens Falls. The company also operates a Toys R Us and Babies R Us store near Colonie Center and a Toys R Us store in Clifton Park that were not included on the list of closures but would be affected by a liquidation. In other retail news, the Times Union is reporting Best Buy is closing its remaining stand-alone mobile stores by the end of May. The closure list includes a mobile store at Crossgates Mall in Guilderland. The main Best Buy store at Crossgates will remain open. The Minnesota-based technology retailer attributed the closures to changing consumer habits and the high cost of operating the mobile stores.