Toys R Us is selling every piece of furniture from its closing headquarters that once housed 1,600 people, and the photos are depressing
Toys R Us is selling everything in its Wayne, New Jersey headquarters as part of its liquidation plan.
The toy retailer filed for bankruptcy in September 2017. In March 2018, it filed a motion to liquidate its US business and began the process of closing all 735 of its stores.
Everything from office furniture and audio-visual equipment to giant Geoffrey the Giraffes are for sale.
The photos the company released to help sell the items function as a sort of walk-through of the deserted headquarters.
Toys R Us' liquidation sale has spread to its headquarters.
"Everything must go, even Geoffrey," the company said in its Instagram post announcing the sale.
That includes furnishings, computers, audio-visual equipment, and food-service equipment — basically everything 1,600 employees needed on a daily basis to work comfortably in the company's headquarters in Wayne, New Jersey.
But nearly all of those workers are gone now, with most of the work force and all executives taking their last day in the middle of May. What's left is now a ghost town. The photos Toys R Us released to sell the items make it look like everyone suddenly evaporated.
Toys R Us filed for Chapter 11 bankruptcy protection in September 2017. The goal was to renegotiate the company's $5 billion debt load, which it had carried since a leveraged buyout took it private in 2005. The company has also been slow to adapt to changing retail trends, like sales primarily being driven by e-commerce.
Toys R Us did not have the holiday performance that would have put lenders in a better position to negotiate favorable terms for the chain. It filed a motion to liquidate its US business in March, and sales to shed inventory began at its stores in the following months. The sales will last until stores run out of inventory.
Take a look at the scene inside Toys R Us' headquarters, as seen in its liquidation sale photos:
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