North American retail chain Toys R Us is in a perilous position at the moment and according to Fortune is considering possibly closing all its US store. The Toys R Us chain has failed to find a buyer and is making preparations for a liquidation. It’s a sad state of affairs for a retail chain that many of you grew up with and still use for video games.
“While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in recent days, said the people, who asked not to be identified because the information is private. Hopes are fading that a buyer will emerge to keep some of the business operating, or that lenders will agree on terms of a debt restructuring, the people said.”