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It's Official: Toys R Us Closing all US Stores
By: Business Insider
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 Toys R Us said in a bankruptcy filing Thursday that it must liquidate, meaning it will sell or close all of its US stores.

That means blowout liquidation sales at its 735 US stores could begin within weeks, according to Corali Lopez-Castro, a bankruptcy lawyer and managing partner at Kozyak Tropin and Throckmorton.

Toys R Us has already set a an expiration date of 30 days for its gift cards and loyalty-based "rewards dollars" and "endless earnings," the company told Business Insider.

"Toys R Us is not going to want to drag this out," Lopez-Castro said in an interview last week. 

 



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This article originall appeared on BI, and a link to the original can be found at the end. www.businessinsider.com
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