Toys ‘R’ Us is looking to secure a loan to fund its operations in a potential bankruptcy filing that could come before the holiday sales season.
According to reports, the toy retailer's move is because of consumers increasing online shopping habits.
The Wall Street Journal earlier reported that the company filed for chapter 11 bankruptcy protection late Monday night.
Toys 'Were' Us, quite a sad story and bizarre in a way.— Jonathan Fairbairn, 702 producer
I get the whole online shopping thing, because of the low prices of online shopping but surely the one of the joys about going to a toy store with a child, is the joy on a kids face....— Jonathan Fairbairn, 702 producer
Now you are sitting at home going, little Johnny come, lets go to the computer, lets look at all the toys you can get...— Jonathan Fairbairn, 702 producer
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