Toys R Us will shut or sell all its US stores, in a collapse set to tip power even further into the hands of Amazon and big-box retailers such as Walmart.
The 70-year-old retailer that helped shape the toy industry decades ago still has more than 700 stores and brings in about a fifth of all US toy revenues. After filing for bankruptcy in September, Toys suffered a tough holiday sales season, worsening the prospects for restructuring its debt.
The company plans to file for liquidation before a bankruptcy hearing on Thursday, said people with knowledge of the matter. Stores will not shut immediately, but through an “orderly wind-down”, they added.
您已阅读30%（653字），剩余70%（1491字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。