March 24, 2018 admin 7

Is it true? Unfortunately, it is true.  As of March 14, 2018, Toys ‘R’ Us announced that it will be shutting down all of its stores, including Babies ‘R’ Us.  This shutdown has come from reports of Toys ‘R’ Us filing for bankruptcy and they are in major debt (owing a lot of money).  Some people believe that it is online shopping is what caused Toys ‘R’ Us to lose money.  However, that is simply not true.  Toys ‘R’ Us already had a debt of $6 billion dollars since 2005 and they were just unable to keep up with paying the debt, so they eventually had to file for bankruptcy.  For all of us, Toys ‘R’ Us was a place where we were able to play with toys, run around like heathens, and beg our parents to get the latest and greatest toy out.  Now, we’re left with pictures on the internet and great memories of what was once considered a kid’s favorite store to visit.  Goodbye Toys ‘R’ Us – gone, but never forgotten!