Toys R Us closing in United States

Toys ‘R’ Us Expected To Shut Down U.S. Operations

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Toys ‘R’ Us told employees today they will likely be shutting down operations after 70 years of business. The company filed for bankruptcy back in September 2017 and it now appears its 700+ stores in the U.S. will be sold or closed in the coming months. The announcement comes shortly after news that Toys ‘R’ Us locations in the UK will close within the coming weeks

Hope still lives on for a few stores however, as CNBC reports that the company may be able to sell its Canadian division and roughly 200 U.S. stores to a buyer who would then run operations out of Canada. CNBC says that there are currently no plans to liquidate stores in Canada. It may take some time for the final decision to be made and for the details to be ironed out, but most people who buy their games or toys at Toys ‘R’ Us will need to find a new source for their purchases soon.

Those living near Toys ‘R’ Us locations may want to keep an eye on their nearby stores as closing locations will likely hold closing/liquidation sales over the coming weeks or months and offer some good deals on any games or other products left in stock.

 

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