Toys R Us Closing All Stores

posted by Terry Trahim - 

Toys R Us is going out of business, announcing that it will close all of its 800 stores around the country.

That will mean the loss of more than 30,000 jobs.

"All I know is that the stores have been empty.  There's been nothing in there that you needed and the prices are ridiculous," a shopper at the Times Square store told WOR's Alice Stockton-Rossini.

Toys R Us has been facing increasing financial pressure in recent years, largely because of the growth of online shopping.

"It's sad.  It's too bad.  The end of an era.  I certainly shopped for my kids there and it does bring back great memories," a shopper said.

Senator Chuck Schumer is urging the Federal Trade Commission to step in and allow customers to get cash back for unused gift cards.

“With the entire Toys R Us operation at risk of shutting its doors for good, I am urging the company to redeem outstanding gift cards for cash so they are not as worthless and unwanted as a lump of coal in a stocking,” Schumer said

The company will be in bankruptcy court on Thursday.  It could be months before all the stores are closed.


Photo Credit:  Alice Stockton-Rossini

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