There are some things that follow you from childhood to adulthood. As of last night, Toys R Us isn’t one of them.
The toy store filed for bankruptcy yesterday, and people are really upset about it. The place that may bring back some quality memories of picking out all of your favorite toys had some serious debt to pay off after a buyout and competition from warehouse and online retailers.
There were 1,600 stores in 38 countries. Don’t worry, though. The stores are trying to power through to the holiday season.
“Chapter 11 was certainly not the company’s preferred outcome,” Chief Executive David Brandon said in a court filing. “The timing of all of this could not have been worse.”
People are just as upset about this closing as the company may be.
