And thanks to this anonymous buyer, countless children from a newer, younger generation will derive joy from Toys R Us toys one last time, just like so many kids that came before them. All 735 Toys R Us stores in America are set to close by the end of June leaving 33,000 workers without a job or severance pay.
The company is continuing to operate stores in Europe and Australia, as well as 255 licensed stores and joint venture partnerships in Asia, which were not part of the bankruptcy filing.
Since Wednesday, a photo taken by a Toys "R" Us employee of Geoffrey the Giraffe carrying a suitcase in what appeared to be an empty Toys "R" Us store has gone viral on Facebook, echoed with thousands of sentimental comments.
"One day, all of us will get separated from each other". Days, months, and years will pass until this contact becomes rare. Shoppers who showed up hoping for bargains didn't seem put out when they arrived and were told that the toys had been sold to a donor.
In addition to online platforms like Amazon.com Inc (AMZN.O), analysts have pointed to Walmart Inc (WMT.N), Target Corp (TGT.N), JC Penney Co Inc (JCP.N), Kohls Corp (KSS.N) and Bed Bath & Beyond (BBBY.O) as chains that could pick up market share from Toys "R" Us.
Geoffrey has acted as the chain's logo and "spokesanimal" for the past 70 years.
And the people of the internet are endlessly sad about it, with many taking to Twitter to reveal their heartbreak.
Not only will Toys "R" Us stores be closing, but also all Babies "R" Us stores will be liquidating all sales after today. "I was surrounded by children".
Will the Toys R Us name and mascot disappear forever?