Advertisements

Imminent Closure of Toys “R” Us and Babies “R” Us Raises Many Questions and Concerns for Customers

West Hartford Toys “R” Us | Photo credit The Caldor Rainbow

Connecticut BBB recommends Toys “R” Us and Babies “R” Us customers move quickly to redeem store gift cards and reward points, and to make alternative arrangements for baby registry accounts.

The company says it will honor store gift cards for 30 days, so it’s best to move quickly to use or redeem those cards for cash before they are rendered useless.
A company spokesman is quoted as saying the Babies “R” Us baby registry and rewards programs continue to operate, however, there is no telling how long that will last.
“A number of very large, well-known companies have gone out of business in recent years,” according to Connecticut Better Business Bureau spokesman Howard Schwartz. “Bankruptcies may be related to poor end-of-year holiday sales, competitive pricing at big box stores and consumers’ changing purchasing preferences in stores and online. From the retailers’ perspective, an online presence is a fraction of the cost of operating hundreds of stores.”
Fortunately for customers, the company gave advanced notice it was shutting down.  In other situations when a company is going through bankruptcy proceedings, it may cease all operations without any advance notice.
It is not all bad news for consumers. Liquidation sales are expected over the next several weeks as the company moves to clear its inventory. The caveat is that items bought during a liquidation will likely not be eligible for return or exchange.
BBB offers tips for existing customers and consumers who are looking for bankruptcy bargains:
Check for the latest information – Visit the company’s websites and social media profiles for updated information, and look for the site’s page that is dedicated to Frequently Asked Questions (FAQs).
Don’t wait – This is a message that is worth repeating. If you have gift cards, store credits, reward program points or a baby registry, move as quickly as possible. Conditions may force unexpected changes, so experts remind us to “use it or lose it.”
Find out what will happen with a store-issued credit card – The good news is that in some cases, just because a store opts to close its doors doesn’t automatically mean that its branded credit cards will be useless.
In this case, the company’s retail website is still up and running at the moment, so you may be able to use the card online. If you want more information contact the store’s credit card division.
Advertisements

The Central Connecticut Roundup is a popular local magazine covering central Connecticut news, Statewide news, National news, local events, commentary, and more.

 

The Roundup currently has over 5,700 subscriptions and a local social media following of over 95,000 readers across multiple social media sites, apps, pages, and groups.

 

The Roundup is also a proud member of WordPress. This affiliation offers readers more news from FOX 61 and CBS Connecticut on The Roundup.

Latest Stories From Roundup Partner : FOX 61

Meriden mosque hosts Open Mosque Day

Meriden mosque hosts Open Mosque Day

MERIDEN — A number of recent attacks on places of worship across America – including Connecticut–  have many religious leaders beefing up security, but in spite of that, a Meriden mosque is fighting hate with awareness. The Baitul Aman Mosque participated in Open Mosque Day on Saturday where mosques across the country open their doors to the non-Muslim community to share their faith with others. “We always keep our mosque open so that we build bridges and get people together to […]

Serious crash in Manchester sends scooter driver to hospital

Serious crash in Manchester sends scooter driver to hospital

MANCHESTER — A serious accident involving a scooter and a car, sent a man to the hospital Saturday night. Police said the incident happened in the area of Spruce Street and Maple Street. Witnesses told police that the scooter struck the car then ran into a building. The driver of the scooter was said to have suffered serious head injuries and was transported to the local area hospital for treatment. Police said that the injuries are non-life threatening. The driver […]

Ceremony held in New Haven for garden dedicated to gun violence victims

Ceremony held in New Haven for garden dedicated to gun violence victims

NEW HAVEN — Women who lost children to gun violence were among a crowd that gathered to break ground on a new Connecticut garden that will honor hundreds of victims killed by firearms dating back more than 50 years. The New Haven Register reports nearly 100 people took part in the ceremony Saturday at the New Haven Botanical Garden of Healing Dedicated to Victims of Gun Violence. The garden is expected to open by the spring of next year and […]

No tolls CT rally held front of State Capitol in Hartford to speak out against the governor’s tolls plan

No tolls CT rally held front of State Capitol in Hartford to speak out against the governor’s tolls plan

HARTFORD –Governor Ned Lamont has been trying to gain support from residents and lawmakers to support his proposed tolls plan. However, people to the steps of the State Capitol Saturday afternoon to say no. The No Tolls group delivered a petition to the governor’s office on Thursday. “100,000 signatures – multiple towns passing bi-partisan resolutions that say no tolls,” said Republican Representative Laura Devlin of the 134th District. The proposed plan would have 50 gantries along major highways, including Interstate […]

Comments

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.