Toys 'R' Us has filed for bankruptcy protection in the US and Canada as it attempts to restructure its debts.
The firm was once a dominant player in the US toy market, but has struggled against larger rivals such as Amazon.
The move casts a shadow over the future of the company's nearly 1,600 stores and 64,000 employees.
The firm's European operations are not part of the bankruptcy proceedings and Toys R Us says it does not expect any immediate impact on its UK stores.
Toys R Us's operations in Australia, about 255 licensed stores and a joint venture partnership in Asia are also not included in the bankruptcy move.
[...] The bankruptcy filing is more evidence that traditional retailers are struggling in the US, as online retailers continue to capture market share.
Amazon marches on, or we're just at 'Peak Toy'?
(Score: 2) by takyon on Tuesday September 19 2017, @10:01PM (4 children)
Radio Shack
wasis hardy, not fragile.http://www.theonion.com/article/even-ceo-cant-figure-out-how-radioshack-still-in-b-2190 [theonion.com]
http://www.theonion.com/graphic/timeline-the-collapse-of-radioshack-37958 [theonion.com]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 3, Funny) by NotSanguine on Tuesday September 19 2017, @10:39PM (2 children)
So they were. My apologies. I'm just glad you straightened me out before I got more confused. And you were even able to find a reputable news source, not like the Fake [nytimes.com] News [cnn.com] favored by the sheeple [xkcd.com]!
No, no, you're not thinking; you're just being logical. --Niels Bohr
(Score: 2) by takyon on Wednesday September 20 2017, @01:06AM (1 child)
Way to miss the point.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 0) by Anonymous Coward on Wednesday September 20 2017, @11:33AM
Way to miss the sarcasm.
(Score: 2) by JoeMerchant on Wednesday September 20 2017, @06:47PM
80+ years of success in the "new technologies" market is a pretty good run.
https://en.wikipedia.org/wiki/RadioShack [wikipedia.org]
🌻🌻 [google.com]