Advertisement

Toys 'R' Us Files for Chapter 11 Bankruptcy

Toys 'R' Us Files for Chapter 11 Bankruptcy Photo: Mike Mozart / CC BY 2.0.

September 19, 2017 10:23 AM

(ABC 6 News) -- Not many kids yearn to be a Toys 'R' Us kid these days.

Toys 'R' Us is filing for Chapter 11 bankruptcy protection.  Increased competition from online retailers, such as Amazon, is cited as a cause of the company's financial troubles.

Advertisement

The New Jersey based company is looking to restructure some of its debt, in time to gear up for the holiday shopping season.

Toys 'R' Us has nearly 16-hundred stores and 64-thousand employees across the globe. 


KAAL-TV

Copyright 2017 - KAAL-TV, LLC A Hubbard Broadcasting Company

Advertisement
Relay Media Amp
Advertisement

Most Read Stories

Community Concerns on Sex Offender Relocation Addressed

Community Concerns on Sex Offender Relocation Addressed


CURE asks Mayo Clinic, Noseworthy to Help with Affordable Housing

Woman Killed in Fillmore County Crash Identified

Suspect in Deadly Maryland Workplace Shooting Caught

New Trucking Rule has Some Drivers Concerned about Safety

Julianne Hanson

Advertisement
Advertisement
Advertisement