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Toys R Us stores in Tampa, St. Petersburg have begun blow-out closing sales

The two Tampa Bay Toys R Us stores the company announced it was shuttering last month began their going-out-of-business sales Wednesday, a day after the company's bankruptcy plan was approved in court. Here was the scene Wednesday afternoon at the affected location at 1900 Tyrone Blvd. in St. Petersburg. [SARA DINATALE | Times]
The two Tampa Bay Toys R Us stores the company announced it was shuttering last month began their going-out-of-business sales Wednesday, a day after the company's bankruptcy plan was approved in court. Here was the scene Wednesday afternoon at the affected location at 1900 Tyrone Blvd. in St. Petersburg. [SARA DINATALE | Times]
Published Feb. 7, 2018

The two Tampa Bay Toys R Us stores the company announced it was shuttering last month began their going-out-of-business sales Wednesday, a day after the company's bankruptcy plan was approved in court.

The Toys R Us locations at 1900 Tyrone Blvd. in St. Petersburg and at 3908 W Hillsborough Ave. in Tampa are among the roughly 180 stores the company announced it was closing across the country two weeks ago.

"Not only will the sale provide loyal customers from coast to coast the opportunity to purchase their favorite products at significantly lower prices, it will also include new merchandise at even deeper discounts," the consortium handling the closing sales wrote in a news release.

Previous coverage:Two Tampa Bay Toys R Us stores among 180 to close nationwide

A Toys R Us spokesman said stores in Tampa Bay, Tallahassee, Boca Raton, Port St. Lucie, Orange Park and Altamonte Springs had begun the blow-out sales Wednesday.

Employees were still posting sale signs at the St. Petersburg location on Wednesday afternoon with most merchandise — Barbies, car seats, video games and action figures — marked down 10 percent.

Some items, like plush and "as seen on TV" toys, were 30 percent off. Big ticket items such as large LEGO block sets and tablets were excluded from the markdowns, and much of the store appeared fully stocked.

U.S. Bankruptcy Judge Keith Phillips approved the plan during a hearing in Richmond, Va. Tuesday. The plan calls for all the affected stores to be shut down by April 15.

The liquidation sales are being organized by Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group and Great American Group. Customers can expect deep discounts across all brands and store furniture and fixtures will also be for sale, according to a Gordon Brothers news release.

Toys R Us had filed for Chapter 11 bankruptcy protection in September. It filed a restructuring plan in late January, outlining the plan to shut down stores.

Chain officials say Toys R Us will move to focusing more on online sales and the in-store shopping experience.

A spokesperson with Gordon Brothers said the consortium expects the marked-down toys and products to go fast.

Closing stores will still accept gift cards, credits and honor price matches. All purchases will be final.

Several existing Tampa Bay Toys R Us stores will be unaffected, including locations in Clearwater, Brandon, Lutz and Wesley Chapel.

Contact Sara DiNatale at sdinatale@tampabay.com. Follow @sara_dinatale.

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