Toys were us

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The toy store that used to bankrupt parents has now gone bankrupt itself. Toys “R” Us has filed the notion to liquidate its company and will close down all 735 of its locations later this year.  

“I do not understand how they went out of business because so many kids loved to shop at Toys ‘R’ Us,” Brayden Morgan, sophomore, said.  

Charles Lazarus, the founder of Toys “R” Us, first opened his store in the summer of 1957, 61 years before it went bankrupt.  

“When I was a little boy, my mom used to take me to Toys ‘R’ Us all the time and that is where we got all of my childhood toys from,” Emerson Fischer, senior, said.  

According to CBS News, the Toys “R” Us bankruptcy stems from a few reasons. With online shopping becoming more popular, people no longer to actually go to the store to purchase toys. Especially not when the alternative is having your item shipped to your convenience.  

“I never really went to Toys “R” Us, but I know that my parents always got my birthday presents there when I was a kid,” Cami Marcotte, freshman, said,  

Another reason as to why the corporation shut down is because it accrued a $6.6 billion debt from a leveraged buyout in 2005.  

“Toys ‘R’ Us was a great toy store, and I used to go in there a lot to get toys for my niece,” Sarah Holcombe, junior, said. 

Locations in Canada are also expected to close.  

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