Lillian Rizzo, Paul Ziobro and Soma Biswas at The Wall Street Journal:
Troubled toy chain Toys “R" Us Inc. is preparing to liquidate all of its U.S. stores and abandon efforts to restructure through the bankruptcy process, people familiar with the matter said, after a weak holiday season torpedoed plans to reorganize.
The big box retailer filed for chapter 11 protection in September with the hopes of reorganizing its roughly $5 billion debt load, revamping its stores and operations, and continuing as a mainstay toy business.

The company recently announced plans to close 184 stores, or about 20% of its roughly 800 U.S. stores, as it worked with creditors to restructure its debts. But now it is now evaluating bids to liquidate the remainder of its U.S. locations, the people said.

Absolutely heartbreaking. From being the home of my childhood hopes and dreams to a regular stop as an adult toy collector, this is so sad to see.

Makes me wonder what will become of the toy industry, or if someone else will look to grow where Toys R Us left off.