Toys R Us Stores Slashing Prices on Apple Products

As the toy giant prepares to close all of its 735 US locations after 70 years of business, customers can now find Apple products at a steal. According to one Reddit user, a local Toys R Us store was selling  an Apple TV 4s for $75, compared to its $149 retail price. The same user additionally said that the store was selling iPod Nanos for $54, which typically costs around $145. 

Customers can expect to see blowout clearance sales across the country in the coming weeks; Toys R Us recently started clearance sales at about 170 stores that it plans to permanently close in April. The company had been struggling with a large amount of debt following a $6.6 billion leveraged buyout in 2005. The popular toy giant has struggled to compete with rivals such as Walmart, Target, and Amazon in recent years.

Business Insider’s Dennis Green reported the following: “These high payments prevented the chain from making the changes necessary to compete, like improving the in-store experience and beefing up e-commerce in the age of Amazon, the company said in the filing. The debt also prevented the chain from keeping up the appearance of its stores and ensuring its employees were well-paid.”

The company hopes to remain alive outside the United States. It said many of its stores in Canada, Europe and Asia “remain strong, viable businesses,” and may be saved or sold. In the mean time, if you’re looking to stock up on some Christmas gifts or save on some Apple products, head to your local Toys R Us before it’s all gone!

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