The partys lookin like being over, pals. Beloved and enduring toy giant brand Toys R Us is reportedly on the precipice of declaring bankruptcy, amid growing concerns the retail giant may be locked out of supply this coming holiday season.
The toy giant has struggled to keep its head above water ever since a leveraged buyout over a decade ago saddled the company with a burdensome debt that it has not been able to recover from. The growing shift towards online retailers, particularly for large ticket items and holiday spending, has increased the strain on the big box chain, which relies extremely heavily on the holiday quarter to erase its losses from slower periods of the year and generate the bulk of …
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