Toys ‘R’ Us Bankruptcy: The Rise and Fall of an Empire

Toys ‘R’ Us, the nation’s largest toy retailer, has filed for Chapter 11 bankruptcy after suffering from slumping sales and incurring a significant amount of debt. According to a news report on CNN.com, the 69-year-old retail giant was once hailed as the go-to place for children’s toys and gifts. However, over the last several years Toys ‘R’ Us has lost its place to Wal-Mart and more recently, Amazon. What’s more, the company amassed $5 billion in debt in [...]