Local toy stores scramble to scoop up Toys R Us business
Isaiah Reynolds(8) (left) and his brother, Joshua(10) play with a pair of foam swords at Happy Up Inc., Thursday, March 29, 2018 in Edwardsville, Ill.. Photo by Nikos Frazier,

More than $7 billion in toy sales will be reallocated throughout the industry after Toys R Us finalizes its liquidation sale and closes 700-plus stores, including several in the St. Louis area.

Local toy retailers and specialty shops are hoping some of that money trickles into their cash registers.

“There is definitely an opportunity for us,” said Shawnta’ Ray, owner of Happy Up Inc., which has two toy stores in the region in Clayton and Edwardsville. “Something we need people to understand is there isn’t just one real toy store in the area. There are thousands of independent toy stores across the country, and there are four or five of us in St. Louis.”

According to a survey from Coresight Research, a New York-based research firm that focuses on the retail industry, nearly 14…