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We knew that day would come.
Since the announcement in March that Toys Toys' chain of stores R & # 39; It would liquidate its US assets after failing to find a buyer or restructure its debt, fans feared the closure of the favorite of childhood. We now know that this day will be Friday at the latest: some stores will close on Tuesday. The retailer's Web activities have been closed for almost three months.
The retailer 's 70 – year decline is considered a victim of the Amazonian era. Toys & R & # 39; It went bankrupt in September and got a loan of $ 3.1 billion to help turn the company around. But this influx of capital has proven insufficient to overcome an increasingly competitive retail market.
Although the bankruptcy that has resulted in the closure of all US stores Toys' R & # 39; It only applies to US companies, it has had repercussions abroad. The American branch of Toys & # 39; R & # 39; It's put in the hands of a court administrator and the Australian branch has recently announced that it would also close all Australian stores.
But the story is not so dark everywhere. In April, Toys & # 39; R & # 39; It has received offers of more than $ 1 billion for its Asia unit. Toy sales are expected to increase more than five times faster in Asia than in North America over the next three years.
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