Kelly Tyko USA TODAY Published 4:58 p.m. UTC Jun 24, 2018 Toys R Us shoppers have been taking their last selfies with Geoffrey and making their final purchases. All Toys R Us and Babies R Us stores will close on or before Friday, the iconic toy retailer announced. Many stores nationwide won't make it until Friday with some closing Tuesday, Wednesday or Thursday. Just like the closing day, discounts vary by location. Some stores have markdowns of 60 to 80 percent and others are at 70 to 90 percent. Inventory also is limited and as stock sells out, portions of stores and empty aisles are being closed off with yellow caution tape. But is this really the end for Toys R Us? Even as stores enter their final days of the liquidation sale, toy expert Jim Silver, the founder and editor in chief of popular toy review website TTPM.com, isn't convinced that the Toys R Us story is over. There are many bidders interested in the Toys R Us brand names, including buyers who … [Read more...] about One last toy run! All Toys R Us stores will close on or before Friday
Where is a toys r us
TOYS R Us was long considered a kids' paradise but financial difficulties forced it to go into administration. The brief silver lining (for customers at least) is the great deals being offered in the closing down sales. Find out how and where to bag a bargain... What and where are the Toys R Us closing down sales? Toys R Us announced it was knocking 25 per cent off its products in its closing down sale. It had been hoped that some stores and jobs could be saved but it was announced on March 14 that all the outlets would now close after the retailer failed to find a buyer. So far, 25 stores have already closed or are due to close by March 15. The retailer had 100 stores around the country and all of them are now expected to shut down. There are expected to be around 3,000 redundancies in total. Joint-administrator Simon Thomas said: "Customers are encouraged to take advantage of these special offers as soon as possible. "While stock levels are generally high, customers may find that the … [Read more...] about When is Toys R Us closing, why did the company go into administration and will there be a closing down sale?
This post originally appeared in Money Stuff.Toys "R" Us is planning to liquidate after failing to restructure in bankruptcy, weighed down by too much debt that it took on in a private-equity leveraged buyout in 2005. But this guy has a plan:The head of the company that created Bratz dolls and Little Tikes is putting $100 million toward a long-shot bid to save Toys “R” Us.MGA Entertainment Inc. Chief Executive Officer Isaac Larian is aiming to buy the toy-store company’s assets as part of an investment group that includes a crowd-funding campaign. He said it’s his own money on the line, and MGA isn’t part of the bid. If he’s successful, the executive expects that 200 to 400 U.S. stores can be saved.It is a literal GoFundMe campaign. Here is the website. At Barron's, Mary Childs explains the rewards:If you give up to $999, you get MGA's Little Tikes® Cozy Coupe®, and up to $4,999, a T-shirt saying … [Read more...] about Toys ‘R’ Us Might Raise Money on GoFundMe
Toys R Us is seeking offers for its loss-making UK arm before the end of this week as fears grow for the fate of one of the high street's best-known retailers - and the jobs of more than 3000 workers. Sky News has learnt that advisers to the company's US parent have met prospective bidders in the last 48 hours and told them to submit expressions of interest by the end of Thursday.The truncated timetable underlines the precarious future of Toys R Us in Britain, just six weeks after it was thought to have been salvaged in an eleventh-hour rescue deal.Sky News can also reveal that the entire European operations of the ailing retailer are now on the market, encompassing 236 stores outside the UK in ten countries including Austria, France, Germany and Spain.The UK and European businesses are being sold through separate processes being run by Lazard and Alvarez & Marsal.Sources said the UK faced the more imminent threat of bankruptcy, with a cash call due later this month meaning … [Read more...] about Toys R Us seeks UK offers this week as future hangs in balance
EMERGENCY crews have closed the A420 at the White Hart Roundabout due to a major gas leak at Toys R Us. The busy A road is closed both ways between Old Vicarage Lane and the A419. A detour is in operation and drivers are advised to avoid the area. A spokesman from Wiltshire Police said: “The road closure is expected to be in place for the next couple of hours. “We appreciate this is likely to cause long delays in the area so please seek an alternative route where possible. “Officers who normally work from Gablecross Police Station are working from other policing points around the town during this time.” Vehicles over 14ft 6in will be diverted off the A420 at Watchfield. All smaller vehicles are being diverted through South Marston. The Swindon-Oxford Stagecoach 66 bus is also affected. The gas leak was first reported at 7:45am. One woman claimed to have been shopping in Toys R Us at the time said the smell off gas … [Read more...] about A420 closed after reports of a gas leak at Toys R Us