On Thursday, March 15th, Toys "R" Us announced it has filed a motion seeking approval to orderly wind-down its U.S. business and liquidate inventory in all 735 of the company's U.S. stores, including Puerto Rico.

More details to come soon.

Local area Toys "R" Us and Babies "R" Us locations are located at Janss Marketplace in Thousand Oaks, the Camarillo Premium Outlets, Ventura (2975 Johnson Drive) and Oxnard (Babies "R" Us).

Customer programs, including Rewards dollars, Endless Earnings and gift cards are being honored for the next 30 days.

They did indicate that they filed a motion with the bankruptcy court to seek bids on its Canadian stores. And one small bit of hope for Toys "R" Us fans - management disclosed it is engaged in discussions with certain parties for a transaction that could combine up to 200 of the company's top performing U.S. stores with its Canadian operations.

Toys "R" Us has operated for 70 years.  www.toysrus.com