Toys ‘R’ Us files for bankruptcy, enters ‘new era’

World News: . []

Toys “R” Us announced yesterday that it has filed for Chapter 11 bankruptcy as the chain hopes that restructuring will allow it to manage its $5 billion debt load while positioning its business to compete against bigger and stronger competitors ranging from Amazon.com to Walmart. Will Toys “R” Us be in a better position to compete following its restructuring under Chapter 11?

Read More: http://www.retailwire.com/discussion/toys-r-us-files-for-bankruptcy-enters-new-era/

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