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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: 2) by goodie on Wednesday September 20 2017, @01:03AM (1 child)
Isn't it how it already works? At least in grocery stores, shelf space is paid by the manufacturer/maker of the product from what I know.
(Score: 2) by Snow on Wednesday September 20 2017, @02:30AM
Ya, something like that, but taken to the extreme. The store wouldn't make any profit on a sale. They only profit from selling shelf space.
It almost certainly wouldn't work, but fun to think about :/