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
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.