Tuesday, September 18, 2018

One year later: Toys R Us' fatal journey through Chapter 11

Retail Dive
A year has passed since Toys R Us filed for Chapter 11 protection. Since then, much of the retail world, including this publication, has obsessed over every turn of events in the retailer's case and turnaround efforts.

There's good reason for that. By assets, Toys R Us is the third-largest retail bankruptcy ever, behind Kmart and Federated Department stores, according to Bankruptcydata.com. The retailer, which generated $11.5 billion in yearly sales, also represented the last national dedicated toy store and was one of the largest sellers of infant products. Its bankruptcy and following liquidation opened major holes in the market in the U.S. and abroad. . . . more