Toys R Us to close all stores, including those in CT - WFSB 3 Connecticut

Toys R Us to close all stores, including those in CT

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(CNN) (CNN)
(WFSB) -

The store where a kid can be a kid will soon be no more.

Toys R Us announced that it will close or sell hundreds of its stores, marking the end of an era.

Customers have 30 days to use or lose their gift cards, a spokesperson said on Thursday.

It's unclear when it will actually happen; however, employees who work in Connecticut stores told Channel 3 that the stores should stay open until April.

Toys R Us has 800 stores nationwide, 9 of which are in CT. Babies R Us stores are closing as well.

In the Newington store, workers said the store will close at some point in April, but they're not sure yet of the exact date.

Its announcement to close all of them comes two months after it unveiled plans to close nearly 200 stores.

Now, about 33,000 jobs are at risk.

Toys R Us said it hasn't earned a full-year profit in six years and lost $2.5 billion since then.

"There are a lot of concerns about retailers that are facing intense competition from Amazon and also WalMart and it's also a very difficult time for some of these specialty retailers," said Paul LaMonica, a contributor to CNN.

This announcement comes six months after the company filed for bankruptcy.

"There are several reasons for this, The CEO of the company said they had a disastrous end of the year sales picture in 2017. But there are also the issues of it being extremely difficult for them to compete with the big box stores," said Howard Schwartz of the CT Better Business Bureau.

The closure will also affect toy makers like Lego in Enfield, Hasbro and Mattel.

Customers with gift cards are urged to use them as soon as possible.

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