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Toys 'R' Us

The 30,000-square-foot Toys 'R' Us store at 5220 N. 27th St. in Lincoln is in the midst of a liquidation sale and will close at the end of June.

Lincoln's Toys 'R" Us store, along with others around the country, is entering its final days.

The Lincoln store at 5220 N. 27th will close for sure by the end of the month, although it could be shutting down a few days earlier.

The Nebraska Department of Labor lists the closing date as June 27, while a Toys 'R' Us spokeswoman said stores will close no later than June 30. The Lincoln store employed 30 people before the bankruptcy announcement.

The chain announced March 15 that it was going out of business after attempts to restructure in bankruptcy failed.

The future of the Lincoln location after Toys 'R' Us closes appears up in the air.

The chain has either sold or found other companies to take over leases at dozens of stores. According to bankruptcy documents, buyers have included Aldi, Ashley Furniture, Big Lots and Burlington Coat Factory.

The 30,000-square-foot Lincoln location, which Toys 'R' Us owns, was not included in real estate auctions that took place in March and earlier this month.

Amy Von Walter, the company spokeswoman, said any store not listed in the auction documents likely has not been sold yet, although it could still sell.

Toys 'R' Us plans to hold an auction for its name and intellectual property in early August and has an agreement in principle with its creditors to try to wrap up bankruptcy proceedings by the end of August.

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Reach the writer at 402-473-2647 or molberding@journalstar.com.

On Twitter @LincolnBizBuzz.

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Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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