Toys R Us Liquidation Sale now underway

Petition seeks $1B to save Toys R Us

Use Toys R Us gift cards, store credits before April 15, state AG advises

Adding to the sadness of the chain's expected demise, Toys R Us founder Charles Lazarus has died, the company confirmed Thursday.

The store closure isn't quite sinking in yet for her 5-year-old son, Luke. "I mean, they have been around for a long time, and, you know, the kids always love coming over". To find a local BabyRUs store use the BabyRUs online store search on the babiesrus site.

Customers cannot return a gift card for cash. If possible, test out any electronics in the store to ensure they work.

Isaac Larian says he and two other unidentified investors are pledging $200 million to try to save about 400 of the remaining 735 U.S. stores that are slated to close.

In bankruptcy, retailers technically don't have to honor gift cards at all.

Stores will not be accepting coupons anymore, but gift cards can be used through April 21.

"I think Toys R Us is a unique operation - the only proprietary merchandise company that rivals IBM as revolutionary in concept", a retail analyst told The Washington Post in 1982.

"When it comes to a liquidation, go there sooner rather than later if you want a toy that's hot", said Fox Business anchor Nicole Petallides. Some customers came to the store simply for the discounts, while others wanted to take a walk down memory lane and remember their childhood.

What are some of the deals?

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If you are waiting for an online order from Babiesrus.com, be patient: The company said it had some delays in delivery and is in the process of working with vendors. The prevalence of those toy stores appears to be dwindling, though - Cooleykatz Toys, a specialty and educational toy store in downtown Livermore since 2006, announced on its website that it would close its doors Saturday.

Yes, stores will offer deep discounts and promotions.

Can I still make returns?

Items bought online or at non-closing stores can be returned until April 21.

Are loyalty rewards still valid?

Toy company executive Isaac Larian and other investors have pledged a total of $200 million and hope to raise four times that amount in crowdfunding in a bid to save potentially more than half of the 735 Toys R Us stores that will go dark in bankruptcy proceedings. Many owners allow children to take them out of the boxes and try them out. Endless earnings, in the form of e-gift cards, will be accepted for another 30 days, effective March 23, 2018.

Starting now, heading into a Toys "R" Us or Babies "R" Us will basically be a treasure hunt.

"It's really sad", said Shanon Beqiraj of Marblehead, who was there with her daughters, Kayla and Avery.

Last September, Toys R Us was getting ready for the holidays, stocking up on toys it hadn't paid for yet.

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