Things got worse in January when Toys R Us announced it would close 182 stores across the U.S. On March 14, the company confirmed that all stores in the U.S. would be closing, ending a 70-year operation.
Toys R Us, which also owned Babies R Us, collapsed in February after they were unable to pay a £15million tax bill.
Toys "R" Us filed for Chapter 11 bankruptcy protection in September hoping to restructure some $5 billion in debt, much of which stemmed from a $6.6 billion leveraged buyout by private equity firms in 2005.
Many people have reacted to the images on Twitter, sharing their sadness that a piece of their childhood has been shuttered.
"I'm never going to have a job like Toys R Us", said long-time employee Patty Van Fossan, 54, from Boardroom, Ohio, who was among a group of workers at protests in NY, fighting for severance that they believe they are owed. We do live in a sad day and it was a crushing blow to the inner child in millions of people. And we will smile with invisible tears because a heart is touched with a strong word and you will say: "'It was with them that I had some of the best days of my life"'. "I was surrounded by children". The 900-store retail chain will also expand its online toy assortments, Harrison added.
Earlier this year in March, the company announced it will close all remaining 700 stores in the us after filing for Chapter 11 bankruptcy in September last year and struggling to find a buyer.
Will the Toys R Us name and mascot disappear forever?