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Toy stocks are falling on news that Toys “R” Us will file for bankruptcy

Not that there’s ever a good time to file for bankruptcy, but the beloved toy retailer Toys “R” Us is reportedly getting ready to submit a Chapter 11 filing at the worst possible time–just weeks before the start of the holiday shopping season. Shares of major toymakers Hasbro and Mattel were down today, as Bloomberg … Continue reading “Toy stocks are falling on news that Toys “R” Us will file for bankruptcy”

Not that there’s ever a good time to file for bankruptcy, but the beloved toy retailer Toys “R” Us is reportedly getting ready to submit a Chapter 11 filing at the worst possible time–just weeks before the start of the holiday shopping season. Shares of major toymakers Hasbro and Mattel were down today, as Bloomberg reported, 1.7% and 6.2% respectively. Toys “R” Us, which has been plagued by mounting debt, has reportedly hired a claims agent, presumably to help with the filing. Like many brick-and-mortar retailers, the decades-old company has struggled in the age of Amazon and the decline of shopping malls–a phenomenon now alarmingly referred to as the Retail Apocalypse. Check out more from Bloomberg here.

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About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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