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

7 tips for males who manage or mentor females
7 tips for males who manage or mentor females

It's a sensitive time in this #MeToo era. As Peter J. Strauss described it in Forbes, "Over the past few months, there has been an important and long overdue national conversation surrounding the topics of sexual harassment and inappropriate behavior in the workplace."  And while the movement has generated massive positive change, "...
Target next-day delivery may be coming
Target next-day delivery may be coming

A next-day delivery service from Target isn’t available in Dayton yet -- but “stay tuned,” Target is saying. The retail company announced that it is offering “Target Restock,” a next-day delivery service of household goods, available “coast to coast,” the company said. But a cursory search on the Target Restock...
Your next weekend trip: 20 things to do, see, eat in Cincinnati 
Your next weekend trip: 20 things to do, see, eat in Cincinnati 

The Queen City is calling.  Cincinnati just made the list of top travel destinations for the summer, and you’ll find plenty of reasons why. Just a short drive away from Dayton, Cincinnati ranked as the sixth most popular city for summer travel this year.  This news organization gives you some inside tips for having the BEST weekend...
Kroger plans automated warehouses through new deal
Kroger plans automated warehouses through new deal

Kroger could open up to 20 automated warehouses in three years as part of a new deal with a grocery technology company. The Cincinnati-based grocery giant has an agreement to buy a stake in Ocado, an online grocer based in the U.K., and license technology to be used for automated warehouses and delivering food to customers doors, according to Bloomberg...
Avoid the biggest mistake in estate planning 
Avoid the biggest mistake in estate planning 

When it comes to finalizing your plans for what happens to your assets after you die, there is one simple mistake many people make - which could put your plans in jeopardy, according to a Centerville C.P.A. A will is the key first step, but only about half of adults between the ages of 50 and 64 have one, according to Mark Bradstreet, C.P.A. with Bradstreet...
More Stories