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Toys 'R' Us Is Said to Hire Advisers to Help Weigh Bankruptcy

Toys “R” Us must find a way to pay back about $400 million in debt as it tries to increase sales in the upcoming holiday season.

“Toys ‘R’ Us is evaluating a range of alternatives to address our 2018 debt maturities, which may include the possibility of obtaining additional financing,” a company spokeswoman said in a statement on Wednesday.

But it has faced intense competition from Big Box Retailers like Walmart and Target that have ramped up toy offerings.

Many traditional retailers have struggled to compete with Amazon, but the debt load carried by Toys “R” Us has amplified that pressure.

READ MORE (New York Times)

  • Toys R Us restructuring its debt, bankruptcy filing is an
  • Toys 'R' Us enlists advisers to help restructure debtThe Star Online
  • Toys"R"Us taps law firm to weigh restructuring options: sourceReuters
  • ​Toys R Us exploring bankruptcy as one option to deal with $400M in debtWCVB Boston
  • Toys R Us hires law firm as it explores possible bankruptcy filingYahoo Finance
  • Bankruptcy possibly on the cards for Toys “R” UsMarketing Interactive
  • Toys R Us hires lawyers to explore US restructuringRetail Week
  • Toys 'R' Us said to be weighing bankruptcy as an
  • Toys 'R' Us struggles to restructure its debtMarketWatch

This post first appeared on The 5th News, please read the originial post: here

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Toys 'R' Us Is Said to Hire Advisers to Help Weigh Bankruptcy


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