Toys ‘R’ Us going-out-of-business sales start this week


Liquidation sales at some of the closing Toys “R” Us and Babies “R” Us locations started on Wednesday.

The nation’s largest toy store retailer received court approval to move forward with its plans to shutter approximately 180 stores across its Toys “R” Us and Babies “R” Us stores nationwide. Liquidation sales at some of the locations started on Wednesday.

» MUST-READ BUSINESS NEWS: Toys ‘R’ Us files for bankruptcy: What’s really going on?

The Babies “R” Us location at 2661 Miamisburg-Centerville Road in Dayton is one of four Toys “R” Us and Babies “R” Us stores in Ohio that are set to close. The other three Ohio locations to be shuttered are in Dublin, Mentor and Western Hills near Cincinnati. Toys ‘R’ Us also has locations in Miamisburg and Beavercreek.

The closures, which amount to about one-fifth of Toys ‘R’ Us locations, will begin in February with store closing sales, according to company statement. The sales are expected to conclude sometime in April.

Toys “R” Us, Inc. voluntarily filed for relief under Chapter 11, in September 2017. Despite the planned closures, Toys ‘R’ US is continuing its customer programs including registries and loyalty programs, according to the company. Toys R Us was $5 billion in debt, as of April 29.

“While our store roster may be getting smaller, what is not changing is our desire or commitment to serving you,” Brandon wrote. “For the past 70 years, we have worked hard to earn your business and look forward to being champions of play and a best friend to parents everywhere for decades to come.”

FIVE FAST BUSINESS READS

• Move over, bitcoin. GE researching blockchain technology

• Elder-Beerman parent company says 60+ stores could close under plan

• Kroger reportedly had development talks with Alibaba

• German grocery chain Lidl halts plans to open local store

• Bitcoin prices are plunging. What’s really going on with cryptocurrency?



Reader Comments ...


Next Up in Business

Passengers behaving badly: 5 recent airplane debacles you won’t believe
Passengers behaving badly: 5 recent airplane debacles you won’t believe

Outrageous behaviors on airplanes and in airports haven’t stopped just because it’s a new year. Last year, passengers brawled in busy terminals and got taken off of flights. Commercial airlines carried more than 3.8 billion passengers and generated more than $501 billion in revenue worldwide last year, according to the International...
Bon-Ton going-out-of-business sales start at stores this week
Bon-Ton going-out-of-business sales start at stores this week

Bon-Ton Stores Inc., parent company of Elder-Beerman, is starting going-out-of-business sales at some of its stores this week. The retailer said that store closing sales are underway at 42 select locations. The closings are part of the company’s previously announced “store rationalization” program. The company filed for bankruptcy...
Chipotle testing new ‘trendy’ menu option
Chipotle testing new ‘trendy’ menu option

Chipotle Mexican Grill is trying out a new menu option at its test kitchen in New York City. The restaurant chain added quinoa to its menu at the test kitchen. Chipotle is known for its simple assembly-line food concept, but has been trying to innovate in the past year. The chain debuted its queso cheese dip across restaurants in September. &ldquo...
Big spikes in construction last year in Springfield, Champaign County
Big spikes in construction last year in Springfield, Champaign County

The value of commercial building permits ballooned more than $50 million in Champaign County last year compared to 2016, and the city of Springfield also saw a spike due to large projects like Topre and investments at Wittenberg University. The value of commercial permits is one signal of the amount of investment in the region, local leaders said,...
Low-cost airline adds flights an hour from Springfield to 7 cities
Low-cost airline adds flights an hour from Springfield to 7 cities

Spirit Airline, a low-cost carrier, has added new nonstop flights just an hour from Springfield to five cities and plans additional service to New Orleans and Myrtle Beach in late March. Spirit added flights from John Glenn Columbus International Airport in Columbus to Orlando, Fort Lauderdale, Tampa Bay and Fort Myers in Florida and Las Vegas, beginning...
More Stories