Toys ‘R’ Us is reportedly planning to file for bankruptcy before the holiday season, according to sources.

Comments published by Reuters and the Wall Street Journal, suggest that the toy retailer could be forced to file for bankruptcy within a matter of weeks, after it has faced tighter terms from suppliers ahead of the Christmas season.

MORE: Top 100 firms demand an end to Brexit bickering

Toys ‘R’ Us has struggled to compete in the current market as consumers increasingly shop online with retailers such as Amazon.

If it files, the bankruptcy will be the biggest to take place this year. Toys ‘R’ Us has around $5 billion in debt and more than 1,600 stores worldwide.

0:12 0:50
Toys R Us hires law firm as it explores possible bankrupt...
The Wall Street Journal reported that the company was considering filing for Chapter 11 protection in the US Bankruptcy Court.

Toys ‘R’ Us would need to obtain a loan of several hundred million dollars as part of any possible bankruptcy filing in order reassure the chain’s vendors it could pay them for the products needed to stock its shelves for the holiday season, sources said.

MORE: Burberry’s Christopher Bailey says Brexit brings ‘enormous potential’

According to sources, part of the retailer’s current financial problems stem from vendors demanding tighter repayment terms over fears that Toys ‘R’ Us may file for bankruptcy.

The retailer has previously said that it working with an investment bank to assess options for about $400 million in debt that comes due next year.

MORE: ‘Cliff-edge’ Brexit threatens thousands of expat pensions, warns senior Tory MP

Toys ‘R’ Us opened a store in New York City’s Times Square this year to capture more holiday shoppers.

The firm has been approached by Yahoo Finance for comment.

_________________
favrefan said:"Chris Coghlan isn't gonna pay your rent, Jimmy."

One of the nicest memories of being a dad was tossing my kids in a shopping cart on a Saturday morning and walking the aisles of Toys R Us.

I'm shocked they lasted this long.

_________________
favrefan said:"Chris Coghlan isn't gonna pay your rent, Jimmy."

First Glennon, now Geoffery. Tuff times for giraffes around here.

_________________

_________________

_________________
favrefan said:"Chris Coghlan isn't gonna pay your rent, Jimmy."

Bankruptcies R Us

If you have any gift cards, be sure to use them before any official filing. Typically stores will no longer honor them after BK, as they become claims against the estate. That happened to me with Crown Books about 20 years ago...they told me my $25 gift certificate was no good. I returned later for the book I wanted, and took a five-finger discount with a clear conscience.

_________________

I needed a last minute gift so I went to one and it was a ghost town. It was a nice trip down memory lane to walk past the video game slips of paper.

Babies R Us still seems to do good business though.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

_________________
Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

It's really expensive. I don't know why anybody shops there. The only times we went there were when they had promotions where you could bring in an old stroller or chair, and get a discount on a new one. We bought a shitty umbrella stroller from a garage sale for $1, and took it to Babies R Us, where we bought a new one at a big discount.

_________________
Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

Amazon strikes again.

_________________
Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

Thanks for the heads up. I have a few to dump.

_________________
Be well

GO BEARS!!!

More like 'Toys Aren't Us' amirite?

_________________

They have a better selection of stuff and the price isn't much different from Target.

_________________
Be well

GO BEARS!!!

It was nice to go through a few times to get a crash course on what kids need. I didn't notice it as being that expensive but most of our purchases seem to be from Kohl's or Amazon now.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

When my oldest was still en route, we hit Babies R Us for the baby shower registry. I remember the prices being much higher than Target. I may have gone there twice afterwards. That Lansing store closed not long thereafter

_________________
There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

Amazon is tough for some things. I still like to touch and feel some things. I bought what I thought was a Lion King onesie from there earlier this year and found out it was basically Whitty Hutton. Then there is the wait even if you have Prime.

_________________
Be well

GO BEARS!!!

The Lansing store was still there when my early kids arrived. I spent a lot of time there. You waste a lot of money before you learn a few things about having kids.

_________________
Be well

GO BEARS!!!

You spend much less on the second kid than you do on the first. It helps when they are the same gender. Chus Jr. II wore all of the stuff that Chus Jr. I grew out of.

_________________
Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

I think Venture was still around when your early kids arrived.

_________________

I'm guessing Reader at least , shopped at Community

_________________
Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

Reader was a Zayre guy I am sure.

_________________
Elections have consequences.

My 2nd daughter was a spring baby and much bigger than my first daughter so all of her clothes were useless. I bought a lot of toys they would play with for about a week and then they would get stored in the basement. I'm not buying toys again.

_________________
Be well

GO BEARS!!!

Goldblatts

_________________
Be well

GO BEARS!!!

As was mentioned earlier, Kohl's is a great place to buy clothes for kids. When my wife sees crap marked down, she buys it. We have tubs of clothes that are too big for my kids. They will wear them eventually. She has bought shoes for $2. Meanwhile, my sister in law was spending $25 on shoes that the kid would outgrow in weeks.

_________________
Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

I vividly remember my dad taking us there for the summer gym shoes meant to dogged out. Sitting on the store floor trying on shoe at a time(they were attached to each other). He was too cheap to spring for the Chuck Taylors or their Sears equivalent.

I think it's an Aldi's now. Nas will know it.

_________________
There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

Oddly enough, THAT was too lowbrow for RR Sr.

_________________
There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

I can still see the layaway desk in the basement of the one in Lake Meadows.

_________________
There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

_________________
Elections have consequences.

Wolke's department store on Milwaukee ave.

_________________
Reality is your friend, not your enemy. -- Seacrest