Game Over For Toys R Us: Chain Going Out Of Business
Toys R Us plans to close or sell all U.S. stores. The chain has struggled through a bankruptcy process, facing heavy debt inherited from a 2005 buyout and intense competition from Walmart and Amazon.
by Alina Selyukh
Mar 14, 2018
3 minutes
Updated at 7:10 p.m. ET
After decades of being the go-to toy store for many Americans, Toys R Us is officially going out of business. Unable to get its finances in order through a months-long bankruptcy process, the retail chain has reached the end of the line.
Toys R Us has informed employees that the company plans to sell or close all of its U.S. stores, according to a person familiar with the plans
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