Toys ‘R’ Us is preparing to sell or shut its stores in the United States.After failing to revamp its struggling retail business, closing the iconic toy stores will come with some economic blowback.For one, the store closures put about 30,000 jobs at risk, but a $11 billion void will also be left for vendors who supplied the company with goods.Private equity firms leveraged a buyout of Toys R Us back in 2005, but the chain has struggled to boost sales and service debt since the buyout.
According to reports by Bloomberg, Toys R Us is not doing so well And liquidating all of its US assets seems to be the most likely outcome. Toys R Us filed for Chapter 11 bankruptcy protection in September 2017. The toy company is hoping that someone will save the chain and buy them out. Yet no one is sure what the company plans to do to keep themselves alive.