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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: 5, Informative) by Anonymous Coward on Tuesday September 19 2017, @10:36PM (4 children)
And let's not forget the helpful tailwind of shady foreign buyers for those Trump condos.
https://newrepublic.com/article/143586/trumps-russian-laundromat-trump-tower-luxury-high-rises-dirty-money-international-crime-syndicate [newrepublic.com]
A review of the public record reveals a clear and disturbing pattern: Trump owes much of his business success, and by extension his presidency, to a flow of highly suspicious money from Russia. Over the past three decades, at least 13 people with known or alleged links to Russian mobsters or oligarchs have owned, lived in, and even run criminal activities out of Trump Tower and other Trump properties. Many used his apartments and casinos to launder untold millions in dirty money. Some ran a worldwide high-stakes gambling ring out of Trump Tower—in a unit directly below one owned by Trump. Others provided Trump with lucrative branding deals that required no investment on his part. Taken together, the flow of money from Russia provided Trump with a crucial infusion of financing that helped rescue his empire from ruin, burnish his image, and launch his career in television and politics.
(Score: 3, Insightful) by Sulla on Tuesday September 19 2017, @11:53PM (3 children)
Good point, lets bomb them to show that no American should ever have any business dealings with the great red menace.
How much have we looked into similar business dealings by the Hiltons or any other family with large foreign operations? This is not to justify bad behavior by pointing out bad behavior but instead to point out that it is highly unlikely you will find any rose in New York or Washington. Personally I prefer corrupt business dealings to taking money in exchange for selling radioactive materials, but what do I know.
Ceterum censeo Sinae esse delendam
(Score: 2) by PartTimeZombie on Wednesday September 20 2017, @12:10AM (1 child)
None of the Hiltons are the President of the United States.
(Score: 0) by Anonymous Coward on Wednesday September 20 2017, @07:44AM
Yet... be careful what you wish for. It might become true.
(Score: 2) by DeathMonkey on Wednesday September 20 2017, @05:41PM
Most of us advocate impeaching Trump, not bombing Russia. Nice strawman.