Toys R Us jump starts closures, begins liquidation sales

The Toys

These South Florida Toys 'R' Us stores are holding massive going-out-of-business sales

The Toys R Us locations at 1900 Tyrone Blvd.in St. Petersburg and at 3908 W Hillsborough Ave.in Tampa are among the roughly 180 stores the company announced it was closing across the country two weeks ago. "To that end and following a top-to-bottom assessment of our business, we have made a decision to close a number of our USA stores".

The liquidation sales are being organized by Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group and Great American Group.

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Near Sacramento, a Toys "R" Us in Yuba City and a Babies "R" Us in Folsom are scheduled to go out of business, as well as a handful in San Jose and the Bay Area.

Toys R Us liquidation sales have started at about 170 stores across the country after the toy retailer won federal bankruptcy approval to start shutting them down.

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In September, Toys "R" Us announced it would file for bankruptcy to enable the chain to "invest in long-term growth and fuel its aspirations to bring play to kids everywhere and be a best friend to parents". Closing locations will continue to honor customer programs including gift cards, Endless Earnings and credit card specials.

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