FOR IMMEDIATE RELEASE: March 23, 2018
Contact: James Hallinan (505) 660-2216
Albuquerque, NM – This morning, Attorney General Hector Balderas issued a Consumer Alert regarding the announcement that Toys R Us and Babies R Us stores are going out of business. Both stores have locations in New Mexico, but are currently liquidating their inventory to shut their doors for good as the parent company goes out of business. Attorney General Balderas is urging New Mexicans to use their gift cards and store credits before April 15, 2018, the last day they will be valid according to the bankruptcy plan.
“I am urging New Mexicans to use their gift cards and store credits at Toys R US and Babies R Us as soon as possible,” Attorney General Hector Balderas said. “Not only is inventory being liquidating and products moving quickly, the company has said gift cards and credits will be no longer be valid after April 15th.”
Tips for liquidation sales:
No Returns: You’ll want to check the item you are considering purchasing for damage or anything that looks out of the ordinary. Because the store will be closing its doors in short order, the product you purchase today will be beyond return tomorrow. Make sure you know what you are purchasing, that the item is what it claims to be and that you truly want to take it home. Also, beware of unopened boxes, since if the item inside has a problem, you may be stuck with it.
Ask about warranties: Just because the retailer is going out of business doesn’t necessarily mean that all warranties are no longer good. Ask. If an item comes with a manufacturer’s warranty, that may still apply. But manufacturer’s warranties don’t cover everything, so be sure to do your research, ask lots of questions and carefully consider your purchase.
Check the real deal: Just because the store is going out of business doesn’t mean that everything in it is at a great price. There are sure to be many bargains available, but if you are looking for a great deal, it always pays to shop around. Some items will be marked down more than others, so know what competitors are charging for the same item– it will help you spot the real deals.
Know your budget: Don’t overspend just because you see so many markdowns. Consider your budget before you enter the store. Do you intend to only use gift cards? Are you going to use gift cards and some of you other form of payment? Making these decisions before you even begin shopping can help keep your finances in order and help you avoid buyer’s remorse
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