March 9, 2018 : **UPDATE** many news sources are reporting Today that Toys R Us is preparing liquidation of ALL STORES as early as next week! The company has struggled to find a buyer or reach a debt-restructuring deal. Let’s keep an eye on this, as HUGE clearance sales at its 800 stores could begin within a matter of weeks.
Toys R Us filed for Bankruptcy and is planning to close 180 of their stores from February through April. In addition to many stores closing a number of its existing locations will be co-branded as Toys R Us and Babies R Us stores as part of it’s restructuring strategy.
The good news for us? The CEO is promising deep discounts and deals at their store closing sales! We can also expect more competitive discounts and sales going forward to compete with Amazon, Walmart and Target. There are plans to improve their loyalty program in this restructuring process and continue with their price matching program. In the mean time let’s keep an eye on the Toys R Us website for sales.