1024px-ToysRUsOntario4

Toys R Us last night filed for Chapter 11 bankruptcy protection. It has debts of some $51.2m for shipping and storage and expects a further bill of $35.9m.

It has some $243.2m-worth of merchandise currently in transit, the majority being shipped by APL Logistics.

The toy store was forced to file for protection in the US and Canada after it claimed a news story this month questioning its liquidity had resulted in suppliers refusing to ship product without cash on delivery.

It claimed the article ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.
  • Amanda Noble

    April 20, 2018 at 5:20 pm

    The closed a store near my area. I used to buy all the toys for my kids in Toys R Us