(Reuters) - Toys ‘R’ Us is working to put together a loan to fund its operations in a potential bankruptcy filing that could come before the holiday sales season, according to people familiar with the matter. The toy merchant’s move underscores the deep distress rippling through retailers of all sizes as consumers increasingly shop online at sellers such as Amazon.com Inc (AMZN.O) or go to discounters such as Wal-Mart Stores Inc (WMT.N). A spokeswoman for Toys ‘R’ Us did not immediately respond to a request for comment. The people could not be identified because the bankruptcy plans are not yet public.
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My local toy store closed just about 6 years ago after my son was born.. there are a few distances away.. during our very few trips to Toys R Us, it was a lackluster experience with overly expansive aisles of toys that mostly went un-purchased.
I even regularly saw people checking their Amazon accounts WHILE shopping, illustrating that the best deal is what the consumer hunts.
Toys R Us.. You will soon join the rest of them.
Retail hell.