It’s official. Toys “R” Us will close or sell all 800 of their US stores, as well as their UK division.
News that the retail giant was filing for bankruptcy first broke in September of 2017, but it wasn’t until recently that the full picture of what this means started to come into focus.
Here’s what you Need to Know About the Toys “R” Us and Babies “R” Us Closures:
All stores are expected to either be closed or sold.
Gift cards, merchandise credits, and loyalty rewards will be honored at all open locations, according to their site, however there are reports that gift cards aren’t being accepted at locations in the UK, where the announcement that the stores were closing happened before the US announcement. If you’re sitting on a gift card, it would be wise to try to use it ASAP.
The price matching policy will no longer be honored.
Coupons are also not going to be accepted at closing stores, with the exception of Birthday Club coupons, rewards redemption coupons, registry completion coupons and instant Credit Thursdays.
Liquidation sales, which could already be starting, will run until the stores close, likely in mid-April.
Purchased products are no longer returnable.
Registries through Babies “R” Us will continue, as normal, in their current forms, per their FAQ page, though it would probably be wise to make a back up plan stat. If you have a Babies “R” Us registry, some sites, like Babylist can help you transfer them over. They even offer personalized help to ensure this process is a easy as possible.
What does this mean?
If you need baby gear, get ye to a Babies “R” Us! Sure, you roll the dice a little knowing if something goes wonky you won’t be able to return it, but now could also be a really good time to stock up on things you wouldn’t be returning anyway. Like bottles, or a 10 pack of white onesies that we all know are about to get tye-dyed with mustard yellow milk-poop stains.