Toys “R” Us Files For Bankruptcy

By Grace Vasquez

Do you remember heading to Toys “R” Us for that special gift for a child? I remember taking my nieces and nephews and boy it was a challenge to walk out of there without leaving my entire paycheck! Well, now Toys “R” Us  is being affected by our new way of shopping: online!

Very sad to hear that Toys “R” Us, one of the world’s largest toy store chains, has filed for bankruptcy protection due to the heavy debt and the competition from Amazon and Walmart.  The retailer is the latest casualty of the pressures facing brick-and-mortar retailers.  Other stores recently filed for bankruptcy include the children’s clothing retailer Gymboree, Payless ShoeSource and rue21. Thousands of stores have closed, tens of thousand of workers laid off as they try to cut costs and compete with e-commerce.

How will that affect our Christmas shopping around the corner? Well, the store says they are preparing as normal for another active holiday season. Will they close their stores? At this point, there is no immediate plan on closings. And any other question you may have, including lay offs, regarding Toys “R” Us click here.

I think I’m going to have to run in and buy something…a Barbie! Hope that helps Toys “R” Us. ~grace


Twitter @ItsYourGrace
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Email grace@1059sunnyfm.com
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