It comes just as Toys ‘R’ Us is gearing up for the holiday shopping season, which accounts for the bulk of its sales. “While today’s decision does not necessarily mean it is game over for Toys ‘R’ Us, it brings to a close a turbulent chapter in the iconic company’s history,” said Neil Saunders, managing director of GlobalData Retail. Operations outside of the United States and Canada, including about 255 licensed stores and joint venture partnerships in Asia, which are separate entities, are not part of the bankruptcy proceedings, Toys ‘R’ Us said. The company’s Toys ‘R’ Us and Babies ‘R’ Us stores and e-commerce sites around the world are open for business, it said. Toys ‘R’ Us has bonds coming due next year that have lost half their value this month, according to Thomson Reuters data, as investors have grown concerned about a possible bankruptcy.

Source: Dhaka Tribune September 19, 2017 05:03 UTC