Toys ‘R’ Us listed debt and assets of more than $1 billion each in Chapter 11 documents Monday in US Bankruptcy Court in Richmond, Virginia. Hot toysChief executive officer David Brandon took over Toys “R” Us in 2015 and sought to make shopping there a more enjoyable experience. Bargain townThe company sells toy and baby merchandise in about 1,600 Toys “R” Us and Babies “R” Us locations worldwide and through websites including Toysrus.com and Babiesrus.com. Charles Lazarus opened Children’s Bargain Town, a baby-furniture store, in Washington in 1948, according to the Toys “R” Us website. He added toys two years later and opened the first Toys “R” Us, modelled after self-service supermarkets, in 1957.

Source: Mint September 19, 2017 07:18 UTC