According to USA Today, Toys R Us will begin the liquidation process on Thursday, March 22nd 2018. The current plan is for all stores to be closed by the end of June 2018. No word, at this time, how deep the discounts will be or which products will be initially discounted. Here’s what the article had to say:
“The timetable was disclosed Tuesday at a hearing in U.S. Bankruptcy Court in Richmond, Va. The toy superstore chain, which last week announced plans to dissolve its U.S. operations, came seeking court approval for its liquidation sale plan.
Some store may close earlier, he said, if inventory sells out faster.
The company’s distribution centers, which supply the stores, will close before the stores do, said Bill Kosturos, vice chairman of U.S. restructuring for Alvarez & Marsal, one of the companies advising Toys R Us in the liquidation. Otherwise, the operation is expected to take 14 weeks.”
There’s additional info worth checking out in the article. Click the link above to read it in full.