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.
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