Every cloud has a silver lining, right? In the case of Toys R Us’ bankruptcy and store closings, that lining is lower prices. As expected, the store chain gave out more information about the going-out-of-business discount sales at selected stores.
Toys R Us announced more details about the store-closing sales which kicked off on Wednesday. They will cover about 170 stores across the US.
Toys R Us says the discounts will reach up to 30% of the original prices. Shoppers will be offered “deep discounts on top brand names across all product categories,” according to an announcement Wednesday from the liquidation companies hired to run the sales.
The said discounts will be offered both in Toys R Us and Babies R Us stores which are selected for closing. And there’s more. Toys R Us is also planning to introduce new, previously-not-offered, merchandise at even bigger discounts. That’s a common practice in closing stores as they race to bring in as much revenue as they can in their last days.
The company also says the discounts will cover everything. This includes top brands across all product categories. So, if you want a nice deal on a popular you, you better be quick.
It’s important to note that discounts and deals offered at the closing stores will not be matched by other Toys R Us and Babies R Us stores that are remaining open. Gift cards and customer loyalty programs though will continue at the closing stores, too.
The liquidation sales will run through April 15, 2018. You can check at your local Toys R Us to see if there’s a closing store nearby. This way you also help the rest of the stores remain in business.
David Brandon, chairman and CEO of the toy retailer, previously said the brand was reinventing itself and that required some “tough decisions about our priorities and focus.”
“The reinvention of our brands requires that we make tough decisions about our priorities and focus,” Brandon said in a letter posted on the company’s website.