Business Insider/Jessica Tyler I went to a Babies R Us store in Downtown Manhattan as it prepares to close.
- Toys R Us will be closing or selling all of its stores in the United States after filing a motion to liquidate last week.
- The company had announced it would close 170 stores and begin going-out-of-business sales in late January, prior to the recent report that all US stores would close.
- We went to one of the Babies R Us stores that was reported to close in January to see what it looked like now. It was a disaster.
Toys R Us will be closing or selling all 735 of its US stores after filing a motion to liquidate its US business last week. The toy retailer had filed for Chapter 11 bankruptcy protection in September.
Toys R Us had said in January that 170 of its stores would close, and many of those locations have already started going-out-of-business sales. The company's March 15 liquidation filing will trigger clearance sales that could begin as soon as this Thursday at some of the locations that had not already planned to close.
Babies R Us stores will be closing as a result of the liquidation as well, though its website will remain running for the time being.
We visited one of the Babies R Us stores that has been preparing to close since January to see what it looks like now, and to see what may lie ahead for other Babies R Us and Toys R Us stores once clearance sales begin.
This is what we found:
