Stories
Slash Boxes
Comments

SoylentNews is people

Toys 'R' Us Files for Bankruptcy Protection in US

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

Phoenix666 writes:

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'?

Original Submission

 
This discussion has been archived. No new comments can be posted.
Toys 'R' Us Files for Bankruptcy Protection in US | Log In/Create an Account | Top | 91 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 3, Insightful) by Sulla on Tuesday September 19 2017, @11:53PM (3 children)

    by Sulla (5173) on Tuesday September 19 2017, @11:53PM (#570436) Journal

    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
    Starting Score:    1  point
    Moderation   +1  
       Offtopic=1, Redundant=1, Insightful=2, Interesting=1, Total=5
    Extra 'Insightful' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   3  

  • (Score: 2) by PartTimeZombie on Wednesday September 20 2017, @12:10AM (1 child)

    by PartTimeZombie (4827) on Wednesday September 20 2017, @12:10AM (#570443)

    None of the Hiltons are the President of the United States.

    • (Score: 0) by Anonymous Coward on Wednesday September 20 2017, @07:44AM

      by Anonymous Coward on Wednesday September 20 2017, @07:44AM (#570552)

      None of the Hiltons are the President of the United States.

      Yet... be careful what you wish for. It might become true.

  • (Score: 2) by DeathMonkey on Wednesday September 20 2017, @05:41PM

    by DeathMonkey (1380) on Wednesday September 20 2017, @05:41PM (#570734) Journal

    Most of us advocate impeaching Trump, not bombing Russia. Nice strawman.