bankruptcy

Toys R Us has made the decision to close its US stores. Now, the company is telling customers they don't have much time to use any remaining gift cards.

Toy R Us will close all of its remaining 800 US stores by the end of the year, including the New Hartford and Syracuse stores.

The clock is ticking on Toys R Us, and - if recent reports are accurate - it's simply a matter of time before the New Hartford store is closed.

Central New York has lost a number of large retailers in the past few years, including Gander Mountain, Kmart and Circuit City. Now, another big store has filed for bankruptcy protection...and experts say the future doesn't look good.