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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, @01:05AM (1 child)
Interesting, I've been trying to find some painting advice for gunpla and other model kits recently. I can probably find the products for cheap on amazon but at this point I am looking for good, reliable advice from somebody who can show me something (no, YouTube does not do it for me sorry). I'd be willing to pay a good markup for that and i'd be happy to do so. But right now, my only choice is Michael's so... probably not gonna happen lol.
(Score: 2) by Sulla on Wednesday September 20 2017, @01:53AM
No local "toy and hobby" or warhammer/mechwarrior store?
Ceterum censeo Sinae esse delendam