After the announcement that Toys R’ Us would be closing the majority of its stores, the final piece of the puzzle was waiting for the details of the liquidation sale. It appears that the majority of the Toys R’ Us locations will begin the process starting on Thursday, March 22.
According to a report from USA Today, Hasbro is still exploring a potential sale of 200 of its stores in the U.S. bundled with its Canadian stores, but there is no word yet on what the status of that deal is.
The plan for the sale to begin Thursday is still awaiting final approval from U.S. Bankruptcy Court Judge Keith Phillips. At the court hearing on Tuesday where the liquidation plan was proposed, it took eight hours to hear all of the objections from the various vendors that had sent attornies to the hearing. The number of lawyers – which represented everyone from major toy companies to cardboard suppliers – were so numerous that a second courtroom had to be opened to accomodate all of them.
Should the sale begin on Thursday as proposed, the plan calls for it to run through June, but it is possible for stores to close earlier should they run out of product.
TechnoBuffalo would recommend calling ahead to any store before going in hunt of any bargains as it is not known if the sale will begin for sure, nor which 200 stores are being considered for the joint sell off with the Canadian branches.