Toys ‘R Us Files for Bankruptcy But There’s Good News
With the holiday season just about to get underway, Toys R Us says its stores will remain open for business as usual.
Toys R Us announced the bankruptcy protection earlier this week. The company said court-supervised proceedings will help restructure its debts and set the stage for long-term growth. Toys R Us emphasized that its stores worldwide will remain open and that it will continue to work with suppliers and sell merchandise.
According to an article in The Patch, “The company’s approximately 1,600 Toys ‘R’ Us and Babies ‘R’ Us stores around the world — the vast majority of which are profitable — are continuing to operate as usual,” the company statement said. “Customers can also continue to shop for the toy and baby products they are looking for online.”
There are several Toys R Us/Babies R Us locations in New Hampshire, inlcuding: Manchester, Newington, Salem, Nashua and Concord.