Reports Toys R Us Is Set To Declare Bankruptcy

Details here

Reports Toys R Us Is Set To Declare Bankruptcy @CNN - Twitter

Toys R Us is reportedly on the brink of declaring bankruptcy after struggling to stay afloat following a buyout over a decade ago.

With the advent of online shopping, it seems as though toy store has struggled to hold its place in the market.

It is understood that the US-based company has seen its debts rise to approximately US$5 billion, with reports that they could file for bankruptcy as soon as next week.

Given that Christmas is the busy period for the toy shop, there are already concerns from the suppliers, with some asking the stockist to make cash payments on delivery.

;