#N12BK: Toys ''R'' Us closing

Posted: Updated:
NEW YORK -

Toys ''R'' Us announced it will be closing its U.S. and U.K. based stores after 70-years in business. 

The company heads to court today to begin the liquidation process after filing for bankruptcy six months ago.

The company announced it will be selling or closing all 800 of its U.S. stores and all of its stores in the United Kingdom. 

Closures could affect as many as 33,000 jobs.

The company is currently $8 billion in debt and has struggled to compete against Amazon, Walmart and Target. 

Gift cards will be honored for the next 30 days, the company says. 

    

  • #N12BKMore>>

  • #N12: NYCHA lead crisis

    #N12: NYCHA lead crisis

    Tuesday, September 4 2018 11:34 AM EDT2018-09-04 15:34:07 GMT

    New York City officials have set up a helpline following the NYCHA lead paint crisis. 

    New York City officials have set up a helpline following the NYCHA lead paint crisis. 

  • #N12BK: Facebook 'Things in Common' feature

    Monday, August 27 2018 11:46 AM EDT2018-08-27 15:46:48 GMT

    Facebook is reportedly launching a new feature designed to connect users with potential new friends they would not otherwise meet.  

    Facebook is reportedly launching a new feature designed to connect users with potential new friends they would not otherwise meet.  

  • #N12BK: Free diapers and wipes

    #N12BK: Free diapers and wipes

    Thursday, October 18 2018 11:55 AM EDT2018-10-18 15:55:55 GMT

    The City Council voted to pass legislation in which city homeless shelters, domestic violence shelters, family justice centers and city-subsidized day care centers must provide free diapers and baby wipes to parents in need.

    The City Council voted to pass legislation in which city homeless shelters, domestic violence shelters, family justice centers and city-subsidized day care centers must provide free diapers and baby wipes to parents in need.

  • Brooklyn SlideshowsSlideshowsMore>>

  • Your 2018 Brooklyn Fall Fun Photos

    Your 2018 Brooklyn Fall Fun Photos

    Wednesday, September 5 2018 1:52 PM EDT2018-09-05 17:52:33 GMT
    Whether you're out apple or pumpkin picking, at a farm or corn maze or just hanging around in your home or yard, News 12 Brooklyn want to see your Fall Fun pics!Whether you're out apple or pumpkin picking, at a farm or corn maze or just hanging around in your home or yard, News 12 Brooklyn want to see your Fall Fun pics!
    Whether you're out apple or pumpkin picking, at a farm or corn maze or just hanging around in your home or yard, News 12 Brooklyn want to see your Fall Fun pics!Whether you're out apple or pumpkin picking, at a farm or corn maze or just hanging around in your home or yard, News 12 Brooklyn want to see your Fall Fun pics!

    Is fall your favorite season? Are you and your family doing fun things this fall? Whether you're out apple or pumpkin picking, at a farm or corn maze or just hanging around in your home or yard, News 12 Brooklyn want to see your Fall Fun pics! Send them via Twitter or Instagram with the #BKFallFun and they might end up on air or on News12.com.

    Is fall your favorite season? Are you and your family doing fun things this fall? Whether you're out apple or pumpkin picking, at a farm or corn maze or just hanging around in your home or yard, News 12 Brooklyn want to see your Fall Fun pics! Send them via Twitter or Instagram with the #BKFallFun and they might end up on air or on News12.com.

  • Brooklyn Birthday Smiles

    Brooklyn Birthday Smiles

    It's a celebration! Is your or a loved one's birthday coming up? Let us know! Send us your photos and you could end up on air and News12.com!It's a celebration! Is your or a loved one's birthday coming up? Let us know! Send us your photos and you could end up on air and News12.com!

    It's a celebration! Is your or a loved one's birthday coming up? Let us know! Send us your photos and you could end up on air and News12.com!

    It's a celebration! Is your or a loved one's birthday coming up? Let us know! Send us your photos and you could end up on air and News12.com!

  • Halloween costumes for children in 2018

    Halloween costumes for children in 2018

    Tuesday, October 2 2018 8:40 AM EDT2018-10-02 12:40:46 GMT
    Whether your kids are into "Fortnite," or "The Incredibles," News 12 has the most popular Halloween children's costumes for 2018.Whether your kids are into "Fortnite," or "The Incredibles," News 12 has the most popular Halloween children's costumes for 2018.
    Whether your kids are into "Fortnite," or "The Incredibles," News 12 has the most popular Halloween children's costumes for 2018.Whether your kids are into "Fortnite," or "The Incredibles," News 12 has the most popular Halloween children's costumes for 2018.

    Whether your kids are into "Fortnite," or "The Incredibles," News 12 has the most popular Halloween children's costumes for 2018.

    Whether your kids are into "Fortnite," or "The Incredibles," News 12 has the most popular Halloween children's costumes for 2018.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."