Toys "R" Us will start liquidation sales on Thursday

Alicia Cross
March 23, 2018

Pretty much everything in the store will sell, with most locations kicking off their sales from tomorrow through June. The retailer, in business for 70 years, will close all 800 of its USA stores.

The planned wind-down was met with widespread criticism by Toys "R" Us vendors.

The end of Toys "R" Us is nigh, with the former retail giant officially liquidating all of its stores in a massive, company-wide going-out-of-business sale that begins Thursday. In these instances, Best Buy and Dick's Sporting Goods were in line to profit most, but in both cases, the overlap of stores was significantly lower than Target and Toys R Us is.

Toys "R" Us is on its way out, but KB Toys is set to pop back up.

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Invest in the consumer experience-As Greg Portell, lead partner at retail consultant A.T. Kearney said of Toys R Us, "If you're going to have that breadth of inventory, you need someone in the store to help you experience it".

The judge said it would be premature to make that decision at this time.

Attorneys for utility companies, advertising and marketing companies, and cardboard and packaging suppliers also showed up for the court hearing to stake a claim for any money generated by the liquidation process.

More than four dozen toy manufacturers, including big names like Lego and Mattel, have filed objections to Toys R Us' liquidation plans. The plan for KB Toys is to open up 1,000 pop up stores for the holiday shopping season this year, according to CNN.

Other reports by Free-Prsite

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