Liquidation exchanges for Toys R Us kicked off on Friday, a spokeswoman told CNBC.
The start of the white sales came later than expected. Toys R Us was planning to begin liquidating inventory a day earlier but “chance circumstances” postponed the markdowns, infuriating some shoppers who arrived at reservoirs that morning expecting to see deals.
Toys R Us last month had already begun liquidating the awkwardly 180 stores — under both the Toys R Us and Babies R Us banners — that were in front on the chopping block as part of a reorganization strategy. Discounts on items were as much as 30 percent off, to start.
Recently, although, the toy retailer was pushed into total liquidation after failing to along payments to vendors, weighed down by a heavy debt load.
Imitations R Us will shutter more than 800 stores across the U.S. unless a bid to obviate as many as 400 locations is successful. MGA Entertainment CEO Isaac Larian and other investors tease pledged a total of $200 million and hope to raise four times that amount in crowdfunding to put by part of the business, according to The Associated Press.
Toys R Us shoppers longing have until April 21 to use their remaining gift behaves at stores or online.
Click here to see a map of all of Toys R Us’ U.S. stores.