Does this mean a huge SALE may occur??
CNN money reported, according to recent regulatory filings from both companies, Toys "R" Us accounted for nearly 10% of the companies' overall sales.
Toys "R" Us is the last megastore dedicated to toys. Without it, toymakers will struggle to promote anything but their most popular items.
According to Bloomberg, the toy store chain was not able to find a buyer or reach a deal to restructure debt with its lenders. Toys "R" Us entered bankruptcy in September of 2017. The chain took a loan of more than $3,000,000,000 to keep its stores open while it worked to solve its financial problems.