Toys R Us Files for Bankruptcy
Written by Andria on September 20, 2017
The children’s store is struggling to compete with online competition.
Toys R Us is in a massive amount of debt. They are currently trying to find a way out of their $5 billion debt.
The store said it would keep its 1,600 Toys ‘R’ Us and Babies ‘R’ Us stores open as the holiday season approaches.
Toys ‘R’ Us is now amongst a list of retailers that have filed for bankruptcy, including Payless and Gymboree. Many retailers acrossthe country have been closing stores and laying off employees, instead shifting to online capabilities.
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