Indianapolis, Greenwood ‘Toys R Us,’ ‘Babies R Us’ Liquidating

A federal bankruptcy judge approved a going-out-of-business plan for Toys R Us, and liquidation sales are beginning Wednesday at more than 150 stores, including those located in Indianapolis and Greenwood. U.S. Bankruptcy Judge Keith Phillips in Richmond, Virginia, approved the plan on Tuesday, which includes closing Babies R Us stores.

Liquidation sales will run through April 15 under the plan.

Here are the stores in central Indiana where savvy shoppers can get great deals on top brand names in all product categories:

• Indianapolis: 3928 E 82nd Street
• Greenwood: 8800 US 31 South

Last month, Toys R Us, based in Wayne, New Jersey, filed a motion to close up to 182 of its 880 stores in America — about 20 percent. The retailer has since removed at least a dozen stores from the list.

David Brandon, chairman and CEO of the toy retailer, previously said the brand was reinventing itself and that required some "tough decisions about our priorities and focus."

"The reinvention of our brands requires that we make tough decisions about our priorities and focus," Brandon said in a letter posted on the company's website.

Stores in the United States will be combined into Toys R Us and Babies R Us stores.

Toys R Us filed for Chapter 11 bankruptcy protection last year amid declining sales and climbing debt.

Photo credit: Diana Haronis | Getty Images