Toys”R’Us” Liquidation Sales Start



The company announced it will  start its liquidation sale Friday, a day later than expected.

The whole operation is projected to take 14 weeks. Some stores may close earlier if inventory sells out faster.

The toy giant recently announced that it would shut or sell all of its 735 U.S. stores.

The company, which was founded in 1948, began its going-out-of-business sales at 144 of its U.S. stores in February.

The company cited competition from discount chains and online retailers as reasons it was unable to stay in business after restructuring.

The liquidation plan faced backlash from toy manufacturers during the court hearing, but the arguments were dismissed by the judge.

One manufacturer, MGA Entertainment Inc., has pledged $200 million and launched a GoFundMe campaign in an effort to save Toys”R”Us.

Manufacturers believe without Toys”R”Us there is no toy business and there will be less opportunities to showcase new toys.