Toys ‘R’ Us Could Soon Be Toys No More
Toys ‘R’ Us might not be able to order more toys if they don’t figure out something soon.
It’s expected that Toys ‘R’ Us could file for bankruptcy as early as next week according to Business Insider.
Back in 2005, the chain went private and owed out more than $5 billion in debt. That could buy A LOT of toys. But thanks to declining sales due to Amazon and Walmart, they simply can’t pay down this debt.
Let’s hope that they sell A LOT of Nintendo items this Christmas so we can keep them going for a few more years.
But of course, until it actually happens, it’s business like usual at the Lubbock Toys ‘R’ Us location. And should anything happen, we will keep you informed.