Toys 'R' Us Could be filing for Bankruptcy

September 18, 2017

Uh oh... Major toy store Toys 'R' Us could be filing for bankruptcy over the next few days. Toys 'R' Us COULD be following in the footsteps of several other major retailers. Will this be another mall giant that closes its doors?

If you're a parent you've probably stood in lines similar to this on Thanksgiving and Black Friday to get all the deals for the holidays. 

But so many consumers are skipping the brick and mortar store and opting to shop online at places like Amazon that many retail stores are on the brink of closing or have already gone out of business. 

According to sources familiar with the company's struggles, Toys R Us could file for bankruptcy as soon as this week. A bankruptcy would help simplify a capital structure made complex by its trio of financial owners. Toys 'R' Us has hired restructuring lawyers at Kirkland & Ellis to help address looming $400 million in debt due in 2018.

But don't worry Toys 'R' Us won't be closing before this Holiday season! 

In a world with Amazon and faltering retail sales, how can a company like Toys 'R' Us rebound?