Toys ‘R’ Us files for bankruptcy protection

http://www.foxbusiness.com/markets/2017/09/18/toys-r-us-files-for-bankruptcy-protection.html

Reuters News Service

(Fox Business Channel-Please click on the link above for the full story.  Here is an excerpt below.)

Toys “R” Us, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry caught in a vise-like grip of online shopping and discount chains.

The Chapter 11 filing is among the largest ever by a specialty retailer and casts doubt over the future of the company’s approximately 1,600 stores and 64,000 employees.

 

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