Toys "R" Us to Close or Sell All of its U.S. Stores

Toys R Us is planning to close all 800 of its U.S. stores six months after filing for bankruptcy.  As many as 33-thousand jobs across the country will be affected by the move.  In 2005, a leveraged buyout led to issues paying down eight-billion-dollars in debt.  Competition from online retailers such as Amazon also proved to be too much to overcome. 

 

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