Toys R Us Is Closing It's Stores

Toys 'R' Us has is shutting down or selling all of its nearly 800 stores in the United States.  About 33,000 people could be losing their jobs in the US. CNN Money reports that Toys 'R' Us hasn't made a full-year profit since 2012.  In fact, it reported a loss of $953 million in the first nine months of last year alone, and filed for bankruptcy in September of last year.  The toy retailer said it had about $5 billion in debt and was spending about $400 million a year to cover it.

Jason Hurst

Jason Hurst

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