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posted by Fnord666 on Tuesday September 19 2017, @08:58PM   Printer-friendly
from the bankruptcy-r-us dept.

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'?


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  • (Score: 5, Informative) by takyon on Tuesday September 19 2017, @10:02PM (1 child)

    by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Tuesday September 19 2017, @10:02PM (#570391) Journal

    Amazon is pretty good about returns and refunds. It's the Amazon third party sellers that you have to watch out for.

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  • (Score: 2) by TheRaven on Wednesday September 20 2017, @09:41AM

    by TheRaven (270) on Wednesday September 20 2017, @09:41AM (#570574) Journal
    The same thing applies for the third-party sellers. I recently bought some speaker wire from a third-party seller on Amazon. They'd misconfigured their store so that it said 50m in the summary and then 10m in the small print (with an option to select 50m). I didn't notice this until 10m appeared (I did notice that some reviews said they'd only received 10m, but I assumed that was an error that the seller had corrected by now). I went to the Amazon returns page, printed out a pre-paid return label, popped it back in the post and had a full refund a few days later. The seller wasn't involved in the process at all.
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