Insight Report 3 minutes PremiumToys“R”Us Files for Bankruptcy, Due to Debt and Intensifying Competition Coresight Research September 19, 2017 Executive Summary Toys“R”Us announced on Monday that it has filed for Chapter 11 bankruptcy protection in the US and Canada in an effort to restructure its debt obligations. The company’s long-term debt totals over $5.2 billion, including $444 million of debt that is due next year. The company’s operations outside of the US and Canada, including its approximately 255 licensed stores and joint-venture partnership in Asia, are not part of the Chapter 11 filing. Toys“R”Us emphasized that its roughly 1,600 locations worldwide will continue to operate as usual ahead of the holiday season. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: 4Q22 US Retail Inventory Tracker: Inventory Turnover Ratios Improve for Many RetailersWeekly US and UK Store Openings and Closures Tracker 2023, Week 29: UK Closures Up 91%Aldi To Acquire Winn-Dixie and Harveys Supermarket Banners for Major Southeastern US ExpansionUS Sportswear Retail: Multibrand Retailers Confront DTC Threats
