bankruptcy

Closing Down

Toys 'r' Us is reportedly closing its hundreds of U.S. stores.

Iconic retailer Toys ‘r’ Us is reportedly closing its doors, after nearly 70 years of business. Some 800 U.S. locations will shut down and an estimated 33,000 jobs will disappear. Although the company has not said how it plans to handle those layoffs, employees were told of the impending shutdown Wednesday. Toys ‘r’ Us has been saddled with enormous debt…