Toys ‘R’ Us Files For Bankruptcy But Keeps Stores Open

NEW YORK (AP) — Toys ‘R’ Us, the big box toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual.
The company based in Wayne, New Jersey, said late Monday that it was voluntarily seeking relief through the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond — and that its Canadian subsidi