Famous toy retailer Toys R Us closes its store on Friday in more than 800 stores across America. In the run-up to the last day, the retailer cut prices to postpone its inventory.
In 2005, Toys R Us was bought by a trio of investors who were debiting the company. As competition from e-commerce sites and retail competitors intensified, debt limited the options available to Toys R Us. After years of fighting, Toys R Us filed for bankruptcy in late 2017. In March 2018, Toys R Us began liquidation sales in its stores.
The selling prices for the last few days of Toys R Us were up to 95 percent for some items. As part of the bankruptcy process, Toys R Us sells its real estate to other large businesses such as Big Lots, Raymour & Flanigan and Target.