Toys R Us: Liquidation Sales Begin At Michigan Stores

GRAND RAPIDS, MI – Going-out-of-business sales began Wednesday at Toys R Us stores across the nation, including six stores slated to close in Michigan. The closing of the toy stores is part of a reorganization plan approved by U.S. Bankruptcy Judge Keith Phillips in Richmond, Virginia, on Tuesday.

The liquidation sales run through April 15, according to the plan.

Toys R Us stores in Muskegon, Traverse City, Lansing and Grand Rapids, as well as two locations in Ann Arbor will close, according to the retailer.

Last month, Toys R Us, based in Wayne, New Jersey, filed a motion to close up to 182 of its 880 stores to 182 of its 880 stores in America — about 20 percent. The retailer has since removed at least a dozen stores from the list.

"The reinvention of our brands requires that we make tough decisions about our priorities and focus," said Toys R Us chairman and CEO David Brandon said in a statement. "The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company."

Some stores in the United States will be combined into Toys R Us and Babies R Us stores.
Toys R Us filed for Chapter 11 bankruptcy protection last year amid declining sales and climbing debt.

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