April 26, 2018

Toys R Us Begins Liquidation Gross sales Forward of Retailer Closings

09 February 2018, 02:05 | Rufus Hill

These South Florida Toys 'R' Us stores are holding massive going-out-of-business sales

The Toys

The retail chain has since removed about a dozen stores from the list. If you have a gift card, you can still use it at stores that are expected to close.

St. Petersburg and Tampa Toys R Us stores are among the stores the company reportedly plans to close as it goes through bankruptcy proceedings.

The Cumberland Toys R Us store is not closing after all.

Liquidators say shoppers can expect "deep discounts" across all product categories, including new merchandise.

That includes the Babies " R " Us location on West Saginaw in Lansing.

"The reinvention of our brands requires that we make tough decisions about our priorities and focus", Chairman and CEO David Brandon wrote in a memolast month.

The company is closing down 180 stores nationwide after falling behind its competitors, Amazon, Target and Walmart.

The toy manufacturer filed for bankruptcy in September, with an industry analyst telling Bloomberg the Chapter 11 resulted from "a buildup of financial problems over the past 15 years". During Tuesday's announcement, he also mentioned out-of-business sales will start at the affected stores.

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