Toys ‘R’ Us Files for Bankruptcy But Keeps Stores Open

The company is seeking to restructure as it faces $5 billion in debt.

  • Published 19 September 2017

Toys 'R' Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual. The company said the proceedings are a way for Toys 'R' Us to work with its creditors on restructuring the debt beleaguering it. And it emphasized that its stores worldwide will serve customers while it… Read at AP News