Toy store chain Toys R Us announced today that they are planning to sell or close all 800 of its stores. Unable to recover from debt, Toys R Us going out of business will affect a whopping 33,000 jobs. There’s no word when the chain plans to officially close the doors, however, it seems that it is sadly going to be relatively soon. This includes Babies R Us.
I am pretty disappointed in this news, although many of us saw this coming. Toys R Us failed to compete with online retailers in pricing (such as Amazon). If you have any Toys R Us gift cards laying around, I recommend using them up soon before they close their doors for good. Let’s cross our fingers that some stores are sold and keep the doors open.