Toys 'R' Us Files for Bankruptcy

Toys "R" Us, the big box store of toy retailers, filed for Chapter 11 bankruptcy protection in federal court. So far there aren't any plans to close any stores or no reports of any job losses. 

Will the stores start having liquidation or going-out-of-business sales?

Again, not immediately. Toys "R" Us says they will be operating the same sales and promotions their shoppers have always loved, and it will be business as usual.

I am registered at Babies "R" Us and I don't need this stress. Help!

Relax. All baby and gift registries will remain up and running.

I have a Toys "R" Us gift card. Should I spend it right away?

Toys "R" Us would love you to, but no need to. Gift cards will be honored as usual and you will have plenty of advance warning if that changes.

Will return policies and warranties be affected?

No. Toys says it will continue to accept all returns and honor all warranties.

Photo Credit: Getty Images

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