Tag Archives: Amazon

Will Toys R’ Us File for Chapter 11 Bankruptcy?

Amazon has become notorious for knocking out its competition with lower prices and convenient online shopping options. As a result, shopping malls and retail outlets across the country are having great difficulty keeping themselves profitable. Toys R’ Us may be the latest casualty. According to multiple press outlets, Toys R’ Us has hired a law firm that specializes in Chapter 11 bankruptcy cases. Sources familiar with the situation claim Toys R’ Us is reviewing options for restructuring $400 million in debt that comes due next year. Chapter 11 is only one of several possible options being considered. Toys R’ Us’ competitors, such as Amazon and Walmart, have decreased prices and improved availability for their products. Parents are using these competitors for their lower prices or convenient online shopping options. Other businesses that sell children’s products have already filed for Chapter 11 protection. For example, Gymboree filed earlier this year in…
Read More »

Posted in Bankruptcy - Business | Tagged , | Comments Off on Will Toys R’ Us File for Chapter 11 Bankruptcy?