You may be right, the stories i had read talked about some closings and restructuring, as that was what was initially reported. But then i saw this:
https://www.news5cleveland.com/homepage-showcase/toys-r-us-exclusive-2018
Looks like they are totaly liquidating everything. No stores remaining open.
The last time the wife and I went was Christmas five years ago, the aisles were blocked with crap, employees too busy holding conversations to assist and they played crappy hip hop music really loud.........AT CHRISTMAS! Toys R Us went out of their way to self destruct and I will not miss them.