Amazon could buy Toys "R" Us stores

Toys R Us Riverside Retail Park Nottingham

A, Ste. 200, Austin, and a Toys R Us store at 12901 N. I-35, Bldg.

The chain, which was known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot, announce last week it would shutter all of its 740 USA locations.

With liquidation looming, Toys R Us' days are numbered, and savy shoppers are hoping to cash in on going out of business sales.

KB Toys went out of business in 2009 and Toys R Us acquired the brand, according to CNBC.

To see what a Toys R Us store looks like in the midst of the company's demise, we visited a Yonkers, New York location that was part of the initial round of Toys R Us closures.

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The company had filed for bankruptcy last fall.

Ellia Kassoff, founder of Strategic Marks and Leaf Brands, recently said on LinkedIn that his company has been working for the past six months to iron out a "sustainable model" for the toy seller, which liquidate about a decade ago after its second bankruptcy. Within the next week or two, the company will begin selling off their inventories at a discount.

Published reports say liquidation sales around the country will start as soon as Thursday, and will continue until all the merchandise is sold.

Simon Thomas, joint administrator and partner at Moorfields, said: "It is with great regret that we have made the hard decision to make 98 people redundant at the company's distribution centre in Coventry". After that, you risk forfeiting any value on these cards. Time will tell if this is just the beginning of the end for other retail giants that are struggling to keep up with online prices.

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