It’s the end of an era. Toys R Us announced late Monday (September 18th) that it has filed for Chapter 11 bankruptcy protection, but said that its operations will continue as normal and that all of its approximately 1,600 locations will remain open. The big-box toy store chain said that court-supervised proceedings will help it restructure its outstanding debt and reorganize.
Dang, online shopping and kids wanting tablets instead of toys has killed another once high-flying retailer. You remember the Toy ‘R Us commercial?
We’ll miss you, Jeffery the Giraffe.