Contact Us

Toys R Us Files for Bankruptcy – Stores to Remain Open

Toys 'R' Us May Sell Global Toy Business
Tim Boyle/Getty Images

Toys R Us is the latest retailer falling victim to online shopping.

The company filed a Chapter 11 bankruptcy on Monday and made the announcement on their website. They stated that with this filing the company will be able to restructure after paying off their $5 billion debt.

They also made sure to stress that their 1,600 Toys R Us and Babies R Us stores, around the world, will not be affected and none will close.

Toys“R”Us and Babies“R”Us Stores and Web Stores across the World are Open and
Continuing to Provide World-Class Experiences for Customers”

Therefore, parents can be assured that they can plan on spoiling their kids just like they planned for the holidays!

Today.com says that Amazon is America’s #1 toy seller, and in their statement, Toys R Us acknowledged the competition when discussing the positive effect they’re hoping the bankruptcy will have.

…continue to improve the customer experience in our physical stores and online, and strengthen our competitive position in an increasingly challenging and rapidly changing retail marketplace worldwide.”

Today.com reports that after the bankruptcy filing, toy giants, Hasbro and Mattel saw their stocks go down.

In the meantime, a kid can still be a kid at Toys R Us.

Best of Channel 95.7

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://mychannel957.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Please solve this simple math problem to prove that you are a real person.

Sign up for Friends With Benefits quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Friends With Benefits contests, events, coupons, presales, and much more delivered to you for FREE.