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Toy retailer, Toys-R-Us, is reportedly making plans to liquidate USA operations and close stores.

Moorfields also said at the time that it would make "every effort to secure a buyer for all or part of the business" but the Press Association on Friday reported that a deal looked unlikely in what has become a highly challenging environment for high street retailers.

Bloomberg reported that its sources said a shutdown of the US division has become increasingly likely in recent days.

Bloomberg and several other business publications cited sources familiar with the situation saying the global toy retailer's financial position is worsening as it attempts to emerge from Chapter 11 bankruptcy.

Bloomberg News siting sources said the company was hoping for a buyer that would help them restructure, but that hope is now fading.

Less than two months after a report said that Toys "R" Us would close almost 400 stores, about half of its locations, a new report said the toy store is considering closing all stores.

No one for the for company would comment on the record to various media outlets calling about the possible closure, but their Twitter account thanked customers for their support.

If the event of a liquidation, "Toys R Us is not going to want to drag this out", Lopez-Castro said. The toy chain may be preparing for liquidation.

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Shares of Toys R Us debtholders Hasbro and Mattel saw their stocks fall in after-hours trade Thursday.

The beleaguered toy giant is now closing around half of its USA stores, but they might not stop there.

The locations set to close, which include Babies R Us, range from cities in NY and New Jersey to California. Bigger competitors like Walmart and Target would typically take a more cautious approach.

In January, the chain announced it would close about 182 stores or about 20 percent.

That buyout, by private equity investors Bain Capital and KKR, and real estate trust Vornado, saddled Toys with crushing interest payments amounting to $400 million a year, just as the economy was entering its worst downturn since the Great Depression. Sales were on the rise in the 1990s, but in recent years, more consumers turned to online shopping which impacted sales.

We will keep you up to date on if the Lubbock location of Toys "R" Us closes.

Steven Church and Laura J. Keller contributed.