When you hear the word "liquidation," you automatically assume the prices are deeply discounted, but that isn't always the case.
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Before you even head to your closest Toys R Us location, do your homework.
Experts warn liquidators sometimes raise prices before making items down to make you think you're getting a better deal.
Here are six things to keep in mind:
1. If you know what you want, check prices in advance or by using a price-comparison app or by doing a quick internet search while you're in the store so you know if you're actually getting a discount.
2. Don't expect to get any deals online, at least not yet. The liquidation sales apply to the chain's brick and mortar stores only.
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3. Check your merchandise and make sure there are no issues. Whatever you buy is a Final Sale. Toys R Us has announced consumers cannot return items from the liquidation.
4. Use your gift cards right away. Toys R Us will accept gift cards for the next 30 days.
5. If you have your eye on something specific, buy it right away since the retailer is no longer re-stocking its stores. And if you have things that require specific Toys R Us parts or accessories, definitely nab those items now.
6. Know that the chain will no longer accept coupons. Babies R Us registry users with "endless earnings" and other rewards must reportedly redeem those by mid-April.
Also, keep in mind prices are likely to be reduced by 20 to 30 percent right away and get slashed further as time marches on.
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According to court documents, the company anticipates it will finish liquidating its stores by the end of June.
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