toys r' us bankruptcy

Toys R' Us


The holidays are right around the corner, but one of the country's biggest toy shops isn't feeling very jolly.

Earlier this week Toys R' Us which has more than 1,600 stores around the country filed for chapter eleven bankruptcy. The company is reportedly facing a $5 billion debt, and $400 million of that is due next year.

And now with financial trouble swirling, suppliers are holding back on shipments unless they receive cash payment in advance of delivery. This could mean that the season's hottest toys might not make it to store shelves, forcing customers to look elsewhere.  read more »