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Author Topic: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations  (Read 19488 times)

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Offline Leave a Whisper

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #120 on: April 21, 2018, 07:58:02 PM »
Managed to snag me some Mega Man toys.
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Offline Wildshadow

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #121 on: April 23, 2018, 12:11:00 PM »
Mine still had a lot of things at only 10%, but I'm glad I went back because they had several of the Friendship Festival pack! The quality SUCKS on them, so it took me looking at all of them to find the best one XD

I had to go because it was my birthday and I remember going a few times as a kid on my birthday to get stuff from there when I got money in my birthday cards. T.T
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Offline Khoufu

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #122 on: April 23, 2018, 03:17:22 PM »
Mine still had a lot of things at only 10%, but I'm glad I went back because they had several of the Friendship Festival pack! The quality SUCKS on them, so it took me looking at all of them to find the best one XD

I had to go because it was my birthday and I remember going a few times as a kid on my birthday to get stuff from there when I got money in my birthday cards. T.T

They only had 1 Friendship Festival pack when I went, so I nabbed it, but then I saw several more when I went again.
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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #124 on: April 24, 2018, 07:04:50 PM »
Our NE Ohio store now has a 20% across the board mark down, with some items at 40%, so, a 10% increase from the start.
Pony merchandise looked unchanged, primarily movie themed figures and sets. As for older looking items, the only two I'd not seen on previous visits were the Friendship Is Magic Collection Pinkie Pie Sweet Shoppe and the Guardians of Harmony Discord figure. Both of their starting prices were full retail.
A sign by the entrance exhorted customers to show up often as they are emptying their warehouses. I've got two more stores to check before I head back there.

Offline Shy Violet

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #125 on: April 24, 2018, 09:56:33 PM »
Looks like Toys R Us Canada found a buyer. Super sad for the US TRU but so relieved that our Canadian stores are saved.

Offline lovesbabysquirmy

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #126 on: April 25, 2018, 11:19:02 AM »
If you have a K-mart near you and there seems to be nothing to buy at TRU when you go to use a GC....

Here’s How to Get $10 at Kmart for Your Expired Toys R Us Gift Cards:
https://www.thepennyhoarder.com/deals/toys-r-us-gift-card-balance/
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Offline Khoufu

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #127 on: April 25, 2018, 12:00:51 PM »
Is it legal for a company to deny gift cards? In California, if you put money into a coupon/etc., then the amount you paid can't legally expire and have to be honored.
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Offline lovesbabysquirmy

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #128 on: April 25, 2018, 01:24:49 PM »
Is it legal for a company to deny gift cards? In California, if you put money into a coupon/etc., then the amount you paid can't legally expire and have to be honored.

California is one of a few lucky states that has this law.  Not all states forbid expiring GC...
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Offline banditpony

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #129 on: April 25, 2018, 01:59:35 PM »
Is it legal for a company to deny gift cards? In California, if you put money into a coupon/etc., then the amount you paid can't legally expire and have to be honored.

California is one of a few lucky states that has this law.  Not all states forbid expiring GC...

Is this considering being expired?

I can't find any site that says that California is exempt. I see local California news sites that say the cards will be rendered useless at TRU stores.
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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #130 on: April 25, 2018, 03:19:59 PM »
I wonder if bankruptcy cancels out that law?
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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #131 on: April 25, 2018, 03:25:17 PM »
I wonder if bankruptcy cancels out that law?

I'm wondering if the law is about setting an experation date when the gift card is issued rather than what happens when a company goes bankrupt. I can't seem to find anything about that. However, I don't live in California... So I'm not really looking that hard.

I see a few things like if you purchased a card through another vendor or a credit card you might be able to persue a refund?
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Offline Khoufu

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #132 on: April 25, 2018, 04:54:48 PM »
"Expiration dates, service fees and dormancy fees are prohibited by law for single-store cards, with limited exceptions. If the balance is $10 or more, a business doesn't have to redeem a gift card or the balance left after a purchase for cash. The store may redeem it for another card with the remaining value."

"Bankruptcies: When Circuit City closed its doors in 2008, the value of gift cards for those stores disappeared. Card holders either had to file a claim with the bankruptcy court to redeem their credit or say goodbye to their gift card credit. Unfortunately, card holders are considered unsecured creditors and usually sink far down on the list of creditors. If you hear rumors of bankruptcy, it's best to use your gift card as soon as possible."

https://www.giftcardgranny.com/blog/5-important-facts-about-californias-gift-card-laws/
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Offline lovesbabysquirmy

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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #133 on: April 26, 2018, 12:48:53 PM »
Oh yeah I did obviously mean if we are talking bankruptcy like with TRU then of course the GC expire, regardless of CA law or not.  Where would you use the cards???  LOL


I was just posting it as an idea for those who have been to their TRU, couldn't find anything, and still have a GC in hand with "some" value on it.... for now.  After June all GC will become totally invalid. 
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Re: Toys ‘R’ Us Is Said to Ready Liquidation of U.S. Operations
« Reply #134 on: April 26, 2018, 12:52:22 PM »
It is worth finding out if there is a cut off date for using them.

Over here the cut off date for using TRU gift cards and such like was 11th March although official TRU closure day was 24th April. So it might be that gift cards become obsolete some time before closure - worth looking into just in case.
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