End of an Era? Toys 'R' Us Prepping to Liquidate All Operations

The toy store that raised a generation during the 1980s and 1990s, Toys 'R' Us, is looking to liquidate its entire U.S. operations Bloomberg news reported today

The company has more than 800 stores across the U.S. under both the Toys 'R' Us and Babies 'R' Us logos, about 180 of those locations have been shuttered since January. 

The toy giant failed to find a buyer or reach a debt restructuring deal with lenders after the company entered bankruptcy back in September. The toy chain obtained a $3.1 billion loan to help keep the stores running while the company attempted to turn things around. But, a poor showing during the holiday season cast further doubts on whether or not Toys 'R' Us could compete in an Amazon.com dominated world. 

Toys 'R' Us isn't the only major retail chain to struggle in recent years. With the advent of online shopping and people paying more for experiences than things, several chains have found themselves struggling to adapt. In 2017 alone, retail chains like The Limited, Payless, and RadioShack all filed for bankruptcy protections

The company was founded back in 1948 in Wayne, New Jersey by Charles P. Lazarus, and a series of children's furniture stores. The company has been in business for more than 65 years and has not had an annual net profit since 2013. 


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