BREAKING NEWS – Wayne, New Jersey – Toys ‘R’ Us, the big box toy retailer struggling with $5 billion in debt, has filed for bankruptcy protection. It emphasized that its stores worldwide will remain open and it will work with suppliers and sell merchandise. CEO Dave Brandon stated, “The primary cause of the company’s financial problems are due to online competition, and the dramatic increase in young children, including toddlers, that have gotten extremely efficient at shoplifting.”
