The Traderszone Network

Published in TZ Latest News 19 September, 2017 by The TZ Newswire Staff

Toys "R" Us Files Chapter 11: Second Largest US Retail Bankruptcy In History

Toys “R” Us Inc., the largest US “brick and mortar” toys retailer, filed for bankruptcy late on Monday night, as a result of a crushing post-LBO debt load and relentless competition from warehouse and online retailers, the “latest blow to a retail industry reeling from store closures, sluggish mall traffic and the gravitational pull of Amazon.com” according to Bloomberg.  The Chapter 11 filing is among the largest ever by a specialty retailer and casts doubt

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