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Toys ‘R’ Us Files For Bankruptcy

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News video: Toys ‘R’ Us Files For Bankruptcy

Toys “R” Us may file for bankruptcy as early as this week.

The toy retailer which has multiple stores around the country has struggled to continue growing its business since a buyout contributed to an increase in its debt more than a decade ago.

Toys “R” Us serves as one of the three largest customers for Mattel and Hasbro joining Wal-Mart Stores Inc and Target Corp.

After the news broke, shares of both companies fell, with the upcoming holiday shopping season approaching..

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