Toys R Us has put about 30,000 jobs under threat and is failing to find a buyer meaning they will either sell or close all their 885 stores in the US. Could we be next?

Sadly, estimations from official Toys R Us owners conclude that we may have all our stores closed down by the end of April, but why is it happening?

The American giant has been filed for bankruptcy in September 2017 meaning hundreds of stores are having to close or be sold. Toys R Us are also currently trying to sell most of their worldwide businesses but countries such as: Spain, Portugal, France, Poland and Australia are still considering their options in this tragic event!

‘We have made every effort to secure a buyer for all or part of the company’s business. This process attracted some interest, but ultimately no party has been able to move forward with a formal bid prior to the expiration of the stated deadline.’ said Simon Thomas (The Guardian).

Logan and Max (Year 7)