Saturday, 20 October, 2018

Going out of business sales begin for Toys"R"Us"

Going out of business sales begin for Toys Going out of business sales begin for Toys"R"Us"
Nellie Chapman | 08 February, 2018, 07:31

Critics have said the toy chain failed to adequately respond to increased competition from big-box retailers Walmart and Target in physical stores and online from Amazon.

Bankrupt Toys R Us has received court approval to move forward with its plans to shutter about 180 stores, under both the Toys R Us and Babies R Us banners, across the U.S.

CEO David Brandon announced the sales Tuesday, while emphasizing that the chain as a whole remains open for business.

The retailer's CEO David Brandon announced last month that the company would be shuttering 20 percent of its USA stores, stores after filing for bankruptcy - with a total of around 180 Toys "R" Us and "Babies "R" Us locations on the chopping block".

USA Today reported that some stores, including those in MA, will be hosting sales as early as Wednesday and last until April 15. Customers can expect deep discounts across all brands and store furniture and fixtures will also be for sale, according to a Gordon Brothers news release.

Toys " R " Us announced it was closing almost 200 stores nationwide as it restructures its assets.

Toys R Us is closing approximately 170 stores in the United States as it reorganizes in an effort to emerge from bankruptcy.