Culture

Toys "R" Us Is Closing U.S. Stores After Filing for Bankruptcy

Goodbye, sweet childhood.

By
2,797 Hypes

Toys "R" Us Is Closing U.S. Stores After Filing for Bankruptcy

Goodbye, sweet childhood.

Famous American toy retailer Toys “R” Us is closing 20-percent of its 180 stores across the United States. This comes after the company filed for bankruptcy in early September 2017, and is an attempt to recover from its $5 billion USD debt.

The conglomerate plans to merge its in-store experience with that of Babies “R” Us and reduce the company’s inventory overall. It is not certain whether this will affect stores outside of the U.S. as the brand has stores all over the world, but as the toy industry’s sales keep declining, we will have to wait and see. For more industry news, don’t miss Apple’s first store in Korea.

Read Full Article

What to Read Next

Take a Look Inside Apple's First Store in Korea
Culture

Take a Look Inside Apple's First Store in Korea

The tech giant heads to Seoul.
1,147 Hypes


Details Surrounding 'Stranger Things' Season 3 Have Surfaced
Film & TV

Details Surrounding 'Stranger Things' Season 3 Have Surfaced

What will happen to Eleven?
2,339 Hypes

BAEwatch: Stars Xu
Fashion 

BAEwatch: Stars Xu

We sit down with the Taiwanese model, buyer, stylist and designer.
3,317 Hypes

ALERT: Aritzia's Final Sale Has All the Cozy Staples You Need
Fashion

ALERT: Aritzia's Final Sale Has All the Cozy Staples You Need

Act fast before its all gone.
1,304 Hypes


More ▾
 
Subscribe to our Newsletter

Keep updated on the latest news.

By subscribing, you agree to our Terms of Use and Privacy Policy.