Grab your purses and wallets because Toys R Us just announced the start of its liquidation sale.
The sales start Thursday, March 22 and will end in June. The business announced it filed for bankruptcy earlier in March, but started out-of-business sales in February at different stores across the U.S.
According to USA Today, the company’s distribution centers will permanently close their doors before Toys R Us officially does, which means the company will have tons of merchandise it needs to move as quickly as possible.
It's expected to take at least 14 weeks for the company to clear its entire inventory, but some stores may close sooner, depending on how much they've sold.
Some stores even expect to be closed by the middle of April, Fortune reported. They also said that four dozen toy manufacturing companies are against the liquidation, citing that Toys R Us owes them about $450 million.
However, just because the company is liquidating itself and filing for bankruptcy doesn’t mean there won’t be any more Toys R Us stores. The company is hoping to keep at least 200 open in order to sell its operations in Canada.BLOG COMMENTS POWERED BY DISQUS