The toy stores will range in size, with up to 10,000 square feet in flagship Macy's in Chicago, Houston, Los Angeles, New York and San Francisco.
The new owners say they are "actively working with potential partners to develop ideas for new Toys 'R' Us and Babies 'R' Us stores."
Reports of a man buying upwards of $1 million dollars of toys from the now-defunct Toys 'R' Us stores across the Triangle have been verified.
This week will bring the end to an American institution.
The toy company announced that all of its stores will be closing by the end of the week.
Police in Pennsylvania are looking for a man who asked a Toys "R" Us employee to watch his baby before walking out and never coming back.