Who Killed Toys R Us? The Internet Has Some Ideas
September 19, 2017
Retail toy store chain Toys R Us Inc. filed for bankruptcy Monday night. The Wayne, New Jersey-based company, which has $5 billion in debt, said its nearly 1,600 Toys R Us and Babies R Us stores will not be affected.
Toys R Us had hired a law firm that specializes in bankruptcy earlier this month — a move that unnerved suppliers who began demanding cash in advance for orders.