Well, it’s official, Toys R Us (and Babies R Us) has announced that it will close all of its 700+ US stores by the end of the year, while other reports have the business running out of cash by May. They stated that they “expect” to accept gift cards and rewards dollars for another 30 days. However, I would spend any gift cards or store credit as soon as possible. We went over the weekend to do just that, and most of the “commodity” items like food, formula, and diapers were already starting to sell out. According to AOL, about 17.7 million in Borders gift cards were left outstanding when they shut down in 2011.
I’ve been reading a lot of nostalgic stories about Toys R Us, but my wife and I both commented that we hardly ever went into Toys R Us when we were kids. Even counting my visit this weekend, I’m pretty sure I’ve been inside one less than 10 times in my life. Sure, we saw the commercials on TV, but we never visited the physical stores. I guess I was never a “Toys R Us kid”.
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