(photo: Getty Images)
Toys R Us announced it plans to close or sell all 800 of it's US Stores in the coming months.
Here are a few questions you may have:
Q: When will the going out of business sale/discounts begin?
Likely in the next week or two. Discounts will likely begin on the low end (like 25%) -- and increase in coming weeks. But all discounted sales are typically final.
Q: What happens to my gift cards?
Toys R Us says it will honor existing gift cards, as well as its Rewards dollars and Endless Earnings, for another 30 days. After that, you basically risk forfeiting any remaining value.
Q: When will stores actually begin to close?
Toys R Us has said it will pay employees for another 60 days, which it is required to do by law. But bankruptcy lawyers say some stores could shut down even sooner than that, as the company winds down its operations.
Here are some of the classic Toys R Us "I don't wanna grow up" commercials: