Toys ‘R’ Us may shut down hundreds of stores


Stiff competition: A woman visits Toys “R” Us store at Times Square in New York. The retailer suffered as giant discount stores such as Walmart Inc sold the most popular toys at steep markdowns to lure shoppers into the aisles. — Reuters— Reuters

NEW YORK: Toys “R” Us Inc, the ultimate toyland for baby boomers and their kids, is going out of business after a failed rescue effort, unable to recover from intense competition and crushing debts.

The collapse, disclosed in a statement, could shut down hundreds of stores around the world and jeopardise tens of thousands of jobs.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Toys 'R' Us , debts , fail , stores , shutdown ,

Next In Business News

Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Steel Hawk unit secures PETRONAS deal
Dialog enters recovery year driven by midstream recurring income
Stunning 4Q finish for Malaysia
Topmix posts record quarterly revenue and earnings
SC appoints LC Wakaful Digital as first social exchange operator
One Credit debuts smart fintech system
Infraharta Holdings wins RM11.4mil construction job

Others Also Read