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Toys R Us Announces Start Date for Going-Out-of-Business Sales

Toys R Us has revealed when going-out-of-business sales for its United States-based stores will begin. The brand recently announced that it would be shuttering all stores in the United States and the United Kingdom, citing the omnipresent threat of online retail and roughly $5 billion in debt incurred by a 2015 takeover by Bain Capital, KKR and Vornado Realty Trust.

While the chain has already begun closing stores, the remaining locations will begin holding going-out-of-business sales on Thursday, March 22, according to USA Today. If you’ve had your eye on a particularly costly toy, game or collectible, these sales might be the best place to acquire said item at a steep discount (if you dare brave the crowds).

RELATED: Toys R Us Officially Goes Out of Business

Signs of Toys R Us' flagging health became publicly apparent back in September, when the toy store brand filed for bankruptcy. In January, the retailer announced plans to close 180 of its 800 locations while still in search of a buyer. For those familiar with Toys R Us ongoing financial struggles, the move likely was not a surprise -- the company had not reported an annual profit since 2013.

Some Toys R Us locations in Canada have received a stay of execution for the moment. The company reportedly hopes to keep roughly 200 stores open until it can find a buyer interested in taking over its Canadian operations.

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