Babies R Us stores will close -- here's what will happen to baby registries
Babies R Us outlets are among the stores that Toys R Us is planning to close or sell as part of a liquidation.
The company said it will accept Toys R Us and Babies R Us gift cards and honor loyalty-based "rewards dollars" and "endless earnings" for the next 30 days.
Toys R Us will continue to maintain its website, including its baby registries, for the time being.
Toys R Us is preparing to sell or close all of its US stores, including its Babies R Us stores.
The company said it will accept Toys R Us and Babies R Us gift cards and honor loyalty-based "rewards dollars" and "endless earnings" for the next 30 days. After that, the value on the gift cards will be useless.
For the time being, Toys R Us will continue to maintain its website, including its baby registries.
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If all stores are closed, the website would likely be the last part of the business to shut down, according to Joshua Friedman, a legal analyst at Debtwire.
If Toys R Us ends up finding a buyer for its most profitable stores, then the online business could be sold off as part of that deal, he said.
The company said in a bankruptcy filing Thursday that it must liquidate because it is set to run out of cash by May.
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