Toys R Us may file for bankruptcy as soon as this week

Toys R Us files for Chapter 11 reorganization	 	 	 			Toys R Us and Babies R Us

Toys R Us files for Chapter 11 reorganization Toys R Us and Babies R Us

United States toy merchant, Toys "R" Us is working on a loan to fund its operations in a potential bankruptcy filing that could come before the end of the holiday sales season, according to people familiar with the matter, Reuters reported. But how did the ultimate toy chain get into this situation? Toys R Us a year ago made 40% of its sales in the fourth quarter, thanks to the mad rush of holiday shopping.

The toy company has more than 1,600 stores worldwide, meaning the move could endanger thousands of jobs.

A representative for Toys "R" Us declined to comment.

When Brandon joined the company in 2015, he asked engineers to design an algorithm to predict when goods would run low, according to the Wall Street Journal.

Updates as we have them.

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The company has spent a lot of money on its brick-and-mortar stores.

Toys "R" Us is the second-largest USA toy retailer behind Amazon.com Inc, according to data compiled by Muller.

Former Toys "R" Us executive Chetan Bhandari has agreed to leave Lazard's debt restructuring practice, where he works as a managing director, to rejoin the retailer as senior finance director, a Toys "R" Us spokeswoman said on Monday.

The company hired the law firm Kirkland and Ellis to help with the $200 million in debt due this fall and another $200 million due very close to the end of the year. The deal saddled the company with debt, limiting its ability to revamp its stores and make online shopping easier.

A Toys "R" Us bankruptcy prior to the holiday season could have significant negative consequences for Mattel.

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