Toys ‘R’ Us Inc. could file for bankruptcy as soon as the next few weeks, as nervous suppliers have tightened terms for the retailer ahead of the crucial holiday selling season, according to people familiar with the matter.
The company, like many other big box chains, has
struggled as shopping shifts online, pushing down prices and reducing
store visits. In addition to shrinking sales and heightened competition,
Toys ‘R’ Us has been burdened with debt from a leveraged buyout 12
years ago.. . . more