Toys "R" Us Liquidation Sale Starts
Apr 04, 2018 02:19PM
● By Staff Writer
As Toys “R” Us prepares to shutter its 735 locations in the U.S., employees at the Lafayette location are unsure when their doors will close.
Toys “R” Us announced on March 15 that it has filed a motion seeking Bankruptcy Court approval to begin an “orderly wind-down” of its stores, which entails a liquidation of inventory at all stores.
An employee at Lafayette’s Johnston Street location said although employees were told the store would remain open for 60-90 days, no closing date has yet been confirmed; however, liquidation sales began nationwide March 23.
Rewards coupons for the store are no longer valid; however, Endless Earnings may be used online until April 21. Customers holding a store credit card may use it through the end of liquidation. Although rewards may accrue in users’ accounts, the figures listed on accounts are null.
State Attorney General Jeff Landry has urged Toys “R” Us gift card holders or those with store credits and/or endless earnings to use them as soon as possible.
Although set to close in the U.S. Toys “R” Us has also filed bidding procedures for Canadian branches of the store. The corporation is seeking to find a buyer for its 200 plus stores in Canada.
The closing jeopardizes more than 30,000 employee jobs as the 70-year-old company succumbs to trends such as mobile gaming and online shopping.
Louisiana currently houses six Toys “R” Us locations, one each in Lafayette, Baton Rouge, Monroe, Lake Charles, Metairie, Slidell and Bossier City.