Chain stores are having a hard time in the days of Amazon.
Bankrupt Toys ‘R’ Us is preparing to liquidate its American stores and operations after failing in its efforts to find a buyer or a way to restructure its debt deal.
Although its still being described as a fluid situation, shuttering the US division of the famed toy seller is said to be increasingly likely, because hopes are fading that the company will be able to find a buyer or that money lenders will agree to debt restructuring terms, sources told Bloomberg.
In January, Toys ‘R’ Us revealed that it intended to close 184 locations.