Toys “R” Us Inc. will get a new website this summer as it struggles to compete online with its cash-rich rivals. The toy retailer, laden with $5 billion in debt, has spent $100 million over the past several years to help boost its online sales.
That won’t stop the toy chain from falling further behind its rivals.
Inc. bought Jet.com last August for $3.3 billion and since then has purchased three more online retailers.
is investing billions to lower prices and improve online sales.. . . more