To be sure, Toys "R" Us had problems even before $5 billion US of debt landed on its books after their LBO. While Toys "R" Us has certainly fallen from where it once was, the notion that it's been waylaid by shifting consumer tastes just isn't the whole story. Toys 'R' Us has faced increased competition from Amazon, but the chain is still among the biggest sellers of toys, with $11 billion in sales this year. Toys "R" Us isn't the only iconic retail name to find itself teetering on the edge this month. Silverman, it should be noted, was among the first to sound the alarm on Toys 'R' Us's debt, and Claire's after that.

Source: CBC News March 25, 2018 07:52 UTC