REAL ESTATE

Countdown on for Toys ‘R’ Us

BY Marianne Wilson

The end is fast approaching for bankrupt Toys “R” Us.

The chain, which has been steadily liquidating its U.S. operations, will close all its remaining stores on Friday, June 29. The retailer has been promoting its going-out-on business sale on its Twitter feed.

On March 15, Toys “R” Us announced plans to shut down its U.S. operations. All its stores are now conducting final liquidation sales, with many shelves empty of merchandise, according to reports. The 16-ft., 550-pound fiberglass statue of the retailer’s iconic mascot, Geoffrey the giraffe, that once graced the lobby of its Wayne, N.J., headquarters has found a new home at Bristol-Myers Squibb Children’s Hospital in New Brunswick, New Jersey.

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