UPDATE: Rockford Toys R Us to close Monday

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Updated June 25, 2018, 6:18 p.m.

UPDATE: ROCKFORD, Ill. (WIFR) - By the end of this week, all remaining Toys R Us and Babies R Us locations will shut their doors for the final time. For Rockford's location, that day is Monday.

The liquidation sale at the East State Street location started back in March. Since then, shoppers have cleared the shelves of leftover toys and games.

The toy giant announced the closure of all 735 stores after filing for chapter 11 bankruptcy last fall.

For shoppers in Rockford, Monday is the final time to walk through the toy aisles that made the company famous for 70 years. The store will lock up for the final time at 9 p.m.

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Updated March 23, 2018, 2:56 p.m.

UPDATE: ROCKFORD, Ill. (WIFR) - Toys R Us begins its going-out-of-business sale at all 735 stores, including one on East State Street in Rockford.

The sale started Friday. The company hasn't said how big the discounts could be.

You can use Toys R Us gift cards through April 21, but the stores won't accept coupons. No previous purchases will be accepted as returns.
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Updated March 22, 2018, 3:35 p.m.

UPDATE: ROCKFORD, Ill. (WIFR) - The Rockford Toys R Us store puts a sign at its front door regarding liquidation.

The sign says, "We understand there may have been reports of our liquidation sale starting today. We apologize for any confusion the media may have conveyed on our liquidation sale start date, however, we do not have confirmation as to when the liquidation sale will be begin. Please check back with us for further information and updates."

Meanwhile, the CEO of the company that makes Bratz dolls is making a bid to save Toys R Us.

MGA Entertainment boss Isaac Larian says he and other investors have pledged $200 million to bid for up to 400 of the Toys R Us stores being liquidated. It's the first public plan to keep the iconic toy brand in existence in the U.S. but the bid faces many hurdles including finding other investors and getting approval from a bankruptcy judge.

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Updated March 16, 2018, 4:16 p.m.

UPDATE: SECAUCUS, N.J. (WIFR) - Failing finances led to the end for retail giant Toys R Us. The company is closing 740 stores and leaving thousands of workers and customers wondering what's next.

The 70-year-old company announced it would be shutting down its operations earlier this week. Toys R Us will keep its website up for a few more weeks giving customers a chance to use store gift cards.

The CEO for Toys R Us says the nearly 30,000 workers will get paid for the next 60 days but after that benefits and pay would end.

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Posted March 14, 2018, 5:28 p.m.

NEW YORK (AP) -- Toys R Us's management has told its employees that it will sell or close all of its U.S. stores.

That's according to a toy industry analyst who spoke to several employees who were on the call Wednesday.

Jim Silver, a toy industry expert, says Toys R Us's CEO told employees the plan is to liquidate all of its U.S. stores and after that, it could do a deal with its Canadian operation to run some of its U.S. stores.

The company declined to comment.

The chain filed for Chapter 11 bankruptcy protection last fall, saddled with debt that hurt its attempts to compete.

It pledged then to stay open, but had weak sales during the critical holiday season. In January it announced plans to close about 180 stores.