Advertisement

Toys R Us may file for bankruptcy before Christmas

Holiday shoppers leave Toys R Us with their arms full in the early morning Friday, Nov. 23, 2001, in Greenville, S.C. Holiday shoppers leave Toys R Us with their arms full in the early morning Friday, Nov. 23, 2001, in Greenville, S.C. | Photo: AP Photo / Mary Ann Chastain.

September 18, 2017 02:17 PM

Toys "R" Us could be headed for bankruptcy before the holiday shopping season.

According to people familiar with the matter, Toys "R" Us is preparing for a potential bankruptcy filing that could come before the holiday sales season.

Advertisement – Content Continues Below

Such a move would underscore the distress of retailers of all sizes as consumers increasingly turn to online shopping at sellers such as Amazon or go to discount stores such as Walmart.

There have been more than a dozen significant retail bankruptcies this year, but none for retailers as big as Toys “R” Us.

Credits

NBC News

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

Advertisement
Relay Media Amp
Advertisement
Advertisement
Pressure to limit opioid prescriptions gains steam

Florida shooting victims to be remembered in Troy

Albany Union president: Arming teachers 'Just doesn't make sense'

Emergency workers continue watchful eye for possible flooding

Saratoga Springs seeks help with parking; paid system possible

Advertisement