Toys R Us hires law firm to help weigh bankruptcy
Toys R Us has hired a restructuring firm and is evaluating a “range of options” and also did not dispute reports that a bankruptcy filing could be a possibility. This could mean the company is considering a significant number of store closings. No one expects Toys R Us to disappear, but many agree it will need to make radical changes to survive. In a retail environment where Walmart, Target, Amazon and others are selling toys, any missteps by Toys R Us could give competitors the edge.