This week, Toys R Us officially filed liquidation papers.
It will shutter or sell each of its 735 stores across the US.
The toy chain’s sales have declined in recent years, largely due to competition from online retailers like Amazon, some $4.8 billion worth of debt, and a rise in labor costs. All of these factors are laid out in Toys R Us’ most recent annual filing, published in April 2017.
In the filing, the company also mentions another, more unexpected threat to its business: declining birth rates.
The Reopen America Back to School Special is now live! Earn double Patriot Points on our hottest items!