Toys “R” Us to close another 200 US stores
According to Wall Street Journal Toys “R” Us in the US plans to close another 200 stores. Following its bankruptcy, the Company also walked back from a promise to offer severance to all affected employees. However, this didn’t stop Toys “R” Us from paying millions in incentive bonuses to its top executives. At the time of its bankruptcy is September 2017, the Company had 1,600 stores, half of which in the US. It would be interesting to learn to what degree the Toys “R” Us’ business has been damaged by the Internet, which offers so many alternative past times for children.