We did some triage work on their LAN a few years back. They did not take us up on a necessary overhaul of the entire network and wiring infrastructure or a migration to a better point of sale or inventorying system. They never specialized in high/unique toys or opened a candy store/soda fountain. This would have differentiated themselves from your run of the mill Toys R’ Us (also now defunct), so I can’t say that I am really surprised at their closure. I am a little sad though.
https://www.sfchronicle.com/business/article/Talbot-s-Toyland-a-longtime-fixture-in-San-14940065.php