Toys ‘R’ Us Goes Bust

Once a dominant power in retail, Toys ‘R’ Us has officially filed for bankruptcy protection in the US and Canada as it tries to get a grip on its debts.

In recent years the company has struggled to compete with larger companies like Amazon, which offer a cheaper alternative than going to a store. The move from the toy monopoly puts quite a bit of doubt in the company’s stores, of which there are nearly 1,600 and 64,000 employees. The firm’s European outlets will not be affected by the bankruptcy procedure, so this shouldn’t have any immediate impact on UK stores and jobs.

This also applies to the 255 stores in Australia and the joint venture in Asia.

Gary Grant, the founder of UK toy shop chain The Entertainer, which has a store in the Metrocentre, said that ‘people’s buying habits are changing’.

‘We’re seeing it even in the supermarkets, where the big sheds aren’t being visited as frequently as more convenient in-town locations,’ he said to the BBC.

For now, though, stores in the UK will remain open and will remain expensive.

Seriously though, who goes to a store to buy their plastic junk? Use the internet like a normal person would.