Liquidation sale at Toys R Us in Flint Township begins Friday

Darnell Taylor
March 21, 2018

Now, the company's new owners are planning to open 1,000 pop-up KB Toys stores for Black Friday and the holiday shopping season.

Toy's "R" Us will soon be no more, but another long-lost toy store could soon fill the void.

"My assumption is that there's about half a billion dollars worth of toys that have been produced for Toys "R" Us with no place to go", said Strategic Marks president Ellia Kassoff, in a phone interview with CNNMoney.

Last week, Toys R Us Inc. announced it filed a motion in Bankruptcy Court to begin a wind-down of its USA business and liquidation of inventory in all 735 of the company's USA stores.

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The Topeka Toys "R" Us is expected to start slashing prices soon as it prepares to close its doors for good. "We are working closely with employees affected by the closure of the distribution centre to ensure they receive the support they need to assist with their claims for redundancy and other compensatory payments". Four Toys "R" Us stores and two Babies "R" Us stores will close in Utah. The New Jersey-based chain filed for bankruptcy in September, with disappointing holiday sales and concern among vendors adding to its financial issues.

"I am very disappointed with the result, but we no longer have the financial support to continue the company's USA operations", said Dave Brandon, chairman and chief executive officer of Toys R Us.

"We're going to save the toy industry", he wrote in a LinkedIn post.

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