New moms scrambling with Babies "R" Us stores closing soon

New moms scrambling with Babies

The decision comes as toy retailer Toys "R" Us announced earlier this month that it was calling it quits and closing its more than 700 stores nationwide. Interview requests with KB Toys were not returned.

"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.

Simon Thomas, joint administrator and partner at Moorfields, said: "It is with great regret that we have made the hard decision to make 98 people redundant at the company's distribution centre in Coventry".

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"My assumption is that there's about half a billion dollars worth of toys that have been produced for Toys "R" Us with no place to go", Strategic Marks president Ellia Kassoff told CNNMoney. Retail Group, and Party City Holdco Inc. Amazon, Target, and Walmart all cranked up toy discounts during the holiday shopping buzz, severely hurting Toys-R-Us revenue during this critical time of business.

So take heart, consumers who are mourning Toys "R" Us' loss.

Kassoff said in a post on Linkedin that if the pop-up stores perform well, it's possible some locations could stay open permanently. Kids are still playing with toys, Lennett said, and parents will look to other retailers to purchase them. The company filed for Chapter 11 bankruptcy protection in September. This was compounded by the fact that many of their vendors were hesitating to provide supplies for the company, stating their concern about receiving payment due to the large amount of debt Toys-R-Us had.

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