Toys "R" Us Closing: Be Prepared For Going-Out-Of-Business Sales | The Money Manual

Toys R Us Closing: Be Prepared For Going-Out-Of-Business Sales

The iconic Toys R Us is selling or closing shop in the United States. No longer will feelings of childhood nostalgia sweep through my body when passing the toy store’s colorful façade. Memories of my brothers and I running down the aisles, flooded with joy knowing I’d get to take a toy, or two, home with me.

Although it saddens me to say goodbye to such a memorable store, the going-out-of-business sales are going to be a goldmine for those with children and babies, since the closing includes Babies R Us stores as well.

The closing includes 700 U.S. stores and 75 U.K. stores.

It’s happening fast

The sales are coming soon – probably within the next week or two. Discounts will likely begin at 25% off, and then continue to rise. All sales are typically final since Toys “R” Us is liquidating all merchandise. The sales will likely end mid-April, so act fast. 

Although Toys R Us will continue to pay its employees for the next 60 days, some stores will close even sooner.

Toys R Us Gift Cards

Toys R Us will accept gift cards, Reward dollars and Endless Earnings for the next 30 days. But try to use them as soon as possible to guarantee their worth.

Why it happened

Toys R Us seems to be a textbook example of the changing retail landscape as the convenience of the internet wipes out brick and mortar stores.

Toys R Us filed for bankruptcy protection last September, and it’s been downhill from there. After suffering a slow holiday season, the company decided to close all stores and liquidate its merchandise.