Toys R Us To Liquidate US Stores

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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.


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