WGN is reporting the unfortunate news that all Toys 'R' Us locations, including those in the Quad Cities, could be closing as soon as next week.

Toys 'R' Us had already filed for bankruptcy recently, so this isn't necessarily a huge surprise, but no one expected all stores to be shutting their doors so soon.

WGN adds that the stores closing is bad news for toy companies Hasbro and Mattell, which have struggled in recent years due to competition from online and big box retailers.

UPDATE:

Toys 'R' Us has made a statement on Twitter:

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