Toys’R’Us filed for Chapter 11
bankruptcy in the USA and Canada this week, while their Australian operations are not
part of the application.
Filing for bankruptcy is not uncommon
on the US retail scene particularly for businesses looking to restructure their
debt. Toys’R’Us has a $400 million debt due in 2018 and that needs attention.
Australia is one of their bigger
markets and a local spokesperson said “"Our stores are open and will
continue to provide Toys"R"Us Australian customers with our signature
fantastic service,". Toys’R’Us planned to open 4 new stores in Australia this year.
NOTE: The Harvard Business Review has examined the Toys'R'Us dilemma and here is the link to their article yesterday - https://hbr.org/2017/09/toys-r-us-is-dead-but-physical-retail-isnt
Have Your Say - click here.
NOTE: The Harvard Business Review has examined the Toys'R'Us dilemma and here is the link to their article yesterday - https://hbr.org/2017/09/toys-r-us-is-dead-but-physical-retail-isnt
Have Your Say - click here.