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.
Tagged as toys r us
WDKX Holiday Stream