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 Grishnakh on Wednesday September 20 2017, @04:29PM (1 child)
Very unfortunate that we are screwed no matter who we choose for office.
The voters screwed themselves. They had the opportunity to elect better people during the Primaries, and instead they chose the worst possible candidates on both sides. This isn't a failure of the system so much as it's a failure by the voters themselves. Our voters are idiots.
(Score: 0) by Anonymous Coward on Wednesday September 20 2017, @07:26PM
oh lordy, i'm agreeing with grisnahk!