Without Toys R Us, 30,000 jobs, a black hole for toy makers
March 16, 2018
NEW YORK (AP) — The demise of Toys R Us will have a ripple effect on everything from toy makers to consumers to landlords.
The 70-year-old retailer sought court approval Thursday to liquidate its remaining 735 stores, eliminating the jobs of some 30,000 employees while spelling the end for a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot.
The closing of the company's U.S. stores over the coming months will finalize the downfall of the chain that succumbed to heavy debt and relentless trends that undercut its business, from onlin...