3 Phoenix-area Toys R Us begin going-out-of-business sales
PHOENIX — Toys R Us has begun store-closing sales at some of the 180 sites across the country, including three in metro Phoenix.
In all, six stores in Arizona will shut down, as the onetime retail giant slogs through bankruptcy, $5 billion in debt. The closing stores began offering up to 30 percent off their inventory Wednesday.
In some cases, USA Today reported, new merchandise will hit the shelves at the 144 selected sites “at even deeper discounts.”
The chain announced the closings in January.
The Arizona stores holding liquidation sales are:
- Mesa: 1764 S. Signal Butte Road
- Paradise Valley: 12801 North Tatum Blvd.
- Scottsdale: 9139 E. Talking Stick Way
Another store closing in Scottsdale, a Babies R Us, at 7000 E. Mayo Blvd., was also on the big-sales list.
The company declared bankruptcy last fall. A federal court gave the go-ahead Tuesday to begin going-out-of business sales.
Chairman Dave Brando wrote in a memo to customers when the closures were announced that most of the stores would be out of business by mid-April.
Toys R Us has 880 stores across the country.
An initial bankruptcy filing listed 175 stores potentially going dark, but an updated list had cut the number to 144, the Chicago Tribune reported.
Show Podcasts and Interviews
- Alice Cooper’s valuable Warhol on display Thursday at Scottsdale gallery
- Thinkzilla to expand to Scottsdale to support minority-owned businesses
- Program for adults with developmental disabilities debuts in Scottsdale
- ‘Practical work’ summit for Biden, Putin: No punches or hugs
- Global IT solutions company Comarch to open first US facility in Mesa