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Toys 'R' Us

Shoppers navigate the Toys 'R' Us store in Lincoln on Thanksgiving in 2014. Several media outlets reported Wednesday that the chain plans to close all of its stores.

Toys 'R' Us's management has told its employees that it will sell or close all of its U.S. stores.

That's according to a toy industry analyst who spoke to several employees who were on the call Wednesday.

Jim Silver, a toy industry expert, says Toys 'R' Us's CEO told employees the plan is to liquidate all of its U.S. stores and after that, it could do a deal with its Canadian operation to run some of its U.S. stores.

The company declined to comment.

The chain filed for Chapter 11 bankruptcy protection last fall, saddled with debt that hurt its attempts to compete.

It pledged then to stay open, but had weak sales during the critical holiday season. In January it announced plans to close about 180 stores, including one in Omaha. Those stores were expected to close by the end of April.

The Lincoln store at 5220 N. 27th St. was not part of those store closings.

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Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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