After announcing they would close all their US locations, it looks like most regions will see liquidation sales begin at Toys R Us starting this Thursday, March 22nd.
Toys R Us has a projected liquidation timeline of 14 weeks, after bankruptcy liquidation plans were approved in a hearing on Tuesday, March 20th. The toy giant will be in charge of their own sales until May 14th, when the consulting liquidation company will take over. Employees have reportedly been given a notice of 60 days. Items are expected to begin clearance at 25% off, with rates dropping throughout the liquidation timeline. Higher performing stores may see their rates drop at a slower pace.
In January it was announced that Toys R Us would close 180 locations in a bid to restructure. Those stores, which include Babies R Us, are already in the process of clearancing stock and will likely see higher percentages off. Currently, these original closing stores are in the 30%-60% off range. Gift cards and rewards dollars are anticipated to be honored for the next 30 days. All sales during liquidation are final.
Toys R Us has been in the toy business for nearly 70 years, and at one point was the dominant retailer in the child centric market. The rise of online retailers like Amazon and mass retailers with a large online presence, like Walmart and Target, has hurt the once great retailer and they have been struggling to keep up for the last few years.
Keep checking back here at Couponing to Disney as we bring you the latest updates from the clearance sales.
Kristen B. is wife to the best Prince around, mama to the spunkiest little princesses, and lover of all things Disney. She started her savings journey three years ago and is now dedicated to making her family’s wishes come true one coupon at a time. She is so excited to take her love of saving to the next level and share her journey with you! Click here to catch up on Kristen’s Savings and join in on your own savings adventure!