Sears responds to claims that it failed to pay toy vendor

A spat with a toy vendor could make for a difficult holiday shopping season for Sears Holdings.



Due to claims of financial difficulties, reports claim that toy manufacturer Jakks Pacific has halted sales of its Star Wars and Disney Princess toys, among other merchandise, to “a major U.S. customer," which was presumed by some to be Kmart, according to CNBC.



The department store chain denies rumors, adding that while “there are occasionally disputes over prices, allocations of product and other terms through the course of negotiations … We can tell you that we have had a longstanding relationship with Jakks,” CNBC said.



Click here to read more.