{"id":35974,"date":"2017-09-19T14:12:26","date_gmt":"2017-09-19T18:12:26","guid":{"rendered":"https:\/\/thatdope.com\/music\/toys-r-us-files-for-bankruptcy\/"},"modified":"2017-09-19T14:12:26","modified_gmt":"2017-09-19T18:12:26","slug":"toys-r-us-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/thatdope.com\/music\/toys-r-us-files-for-bankruptcy\/","title":{"rendered":"Toys R Us Files for Bankruptcy"},"content":{"rendered":"
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Another big box store is feeling the pinch of America\u2019s retail struggles. Toys \u2018R\u2019 Us, headquartered in Wayne, New Jersey, has officially filed for Chapter 11 bankruptcy protection with the holiday shopping rush just around the corner. Despite the filing, the popular toy chain says it will keep doors open and remain in business as its financial woes are sorted out.<\/p>\n

Toys \u2018R\u2019 Us is currently $5 billion USD in debt and with the iconic retailer facing heavy competition from the online market, it doesn\u2019t look like things will look up fast enough. According to Chairman and CEO Dave Brandon, the bankruptcy protection \u201cwill provide us with greater financial flexibility to invest in our business \u2026 and strengthen our competitive position in an increasingly challenging and rapidly changing retail marketplace worldwide.\u201d<\/p>\n

Furthermore, the holiday season is only a few months away, a time when consumers are looking to spend. As such, Toys \u2018R\u2019 Us promises that they will be well-stocked throughout these crucial weeks and will continue to honor return policies, warranties, gift cards, as well as customer loyalty programs.<\/p>\n<\/p><\/div>\n

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Another big box store is feeling the pinch of America\u2019s retail struggles. Toys \u2018R\u2019 Us, headquartered in Wayne, New Jersey, has officially filed for Chapter 11 bankruptcy protection with the holiday shopping rush just around the corner. Despite the filing, the popular toy chain says it will keep doors open and remain in business as its financial woes are sorted out. Toys \u2018R\u2019 Us is currently $5 billion USD in debt and with the iconic retailer facing heavy competition from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[176,38],"yoast_head":"\nToys R Us Files for Bankruptcy<\/title>\n<meta name=\"description\" content=\"Another big box store is feeling the pinch of America\u2019s retail struggles. 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