Sources associated with Toys ‘R’ Us suppliers told Bloomberg that payments from the company have stopped,
they can’t get anyone at Toys “R” Us to respond to questions [and the company] recently stopped negotiating settlements with vendors . . .
The Bloomberg story:
While nothing is definitive until it shows up in a bankruptcy court filing, this news is consistent with the recent narrative of a company on the verge of liquidation. There were rumors on Sunday that a liquidation plan would be filed on Monday, and that did not happen, but if a retailer is cutting off its suppliers, it cannot carry on for much longer than another week.
Update: Lauren Hirsch at CNBC writes of a Toys ‘R’ Us liquidation, “The retailer could file as soon as the end of Wednesday.”
