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 chewbacon on Wednesday September 20 2017, @12:40AM
My local Toys/Babies R Us is pretty clean and well taken care of and they have good service. Shit, we take my 4 year old in there when we can't under stand what toy he's talking about and their employees know exactly what he's asking about. TRU's problem is that they're expensive and they often fail to compete with other store's sales. Examples are: Xbox One and a soon-to-be previous gen iPad. All of their competitors underbid them here.