on the summer 2017?
Did you know that the struggling toy retailer Toys ‘R’ Us has closed an enormous
number of stores, 180 stores to be specific or nearly 20% of its fleet,
as it tries to get back to being a viable chain?
Did you know that Toys ‘R’ Us had asked federal bankruptcy
court in Richmond, Virginia for permission to close those 180 stores, saying
it has “faced a challenging commercial environment”?
Did you know that Toys’ T’ Us had an enormous debt of $5 billion pre-bankruptcy, and years of weak sales as business?
Did you know that Toys ‘R’ Us CEO Dave Brandon said that through the first three quarters of this
had a net lost of $862 million?
fiscal year, the chain
Did you know that nearly
half of the locations closing will be Babies ‘R’ Us stores?
Did you know that baby products
generated 45% of company revenues in the first nine months of the fiscal
Did you know that Toys ‘R’ Us stores generated $925 million last year, according to court filings?