The toy retailer announced Tuesday that it has filed for creditor protection while it embarks on a restructuring that could see its footprint further diminished or the whole business sold to new owners. Creditor protection temporarily shields an insolvent company from having to pay those it owes money to while it figures out its next steps. In court documents, Toys "R" Us Canada said the step was necessary because the company has struggled to cope with inflation, rising labour costs, supply chain disruptions and a shift toward e-commerce. Toys "R" Us Canada is owned by a numbered company that does business as Putman Investments. Its sister company Everest Toys, started by the father of Putman Investments leader Doug Putman, was forced into receivership last year.

Source: CBC News February 04, 2026 11:23 UTC