Big news moms and dads! Toys R Us announced on Wednesday that it will be closing it's doors.

According to a report from MetroSource News:

 

Toys "R" Us is closing or selling all of their stores. CNN Money reported yesterday that this could be the beginning of the end for toy retailer. It isn't known when their three Buffalo area locations are going out of business. Senator Chuck Schumer is asking that the company allow gift cards be exchanged for cash.

 

The news has been received with some mixed feelings on social media.

 

As many as 33,000 jobs will be lost after the final store closes. It is a tough world to compete in with online sales and Walmart and Target which also sell toys.

Source: MetroNews and Washington Post