After 70 years, the popular toy store, “Toys R Us” is closing all 735 of its United States stores.
According to CNN, debt was the reason for the shut down. No money means no investments into the company. Around 31,000 jobs will be lost. The franchise will liquidate all the stores.
Vendors are now trying to figure out where to send the merchandise stuck on ships and trucks. On Thursday, the retailer asked the US Bankruptcy Court for approval to stop paying all of its suppliers while it tries to