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Toys R Us Falls Into Bankruptcy

Tuesday, September 19, 2017

US toy giant, Toys R Us has gone into bankruptcy protection in the United States. The famous toy chain has struggled to keep pace with rivals in the US market, particularly with the move to digital shopping experiences. Toys R Us have only recently released its own web stores which may help the firm pay back its debts. Toys R Us have over 60,000 staff in the US across 1600 stores, it is not clear what affect the bankruptcy will have upon the European and Asian subsidiaries. This is the most recent example in a wave of retail closures over the past few weeks as the retail sector still struggles to carve out a chunk of workers disposable income.

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