Toys R Us could file for bankruptcy this week | Rare News
- 7 years ago
According to Business Insider, Toys R Us could file for bankruptcy, just before peak holiday shopping season. The Wall Street Journal explained that the retailer is in talks to restructure and reconcile $5 billion dollars in debt, taken on by the company after a 2005 buyout. Vendors say that they're nervous about Toys R Us's ability to get a grip on their debt before the holidays, which could result in a toy shortage. Business Insider says that Toys R Us stores have had a tough time, "as its two main businesses, baby goods and toys, have moved online."