When bankruptcy is going on! Toys R Us closes the US e-commerce platform
Visitors to the Toys R Us e-commerce website were introduced to toysorclosingsale.com, which provides information on company liquidation sales.
Although the e-commerce platform has been closed, the store in Toys R Us is still in the process of clearance sale.
"Thank you for your support over the years," the message said.
Toys R Us's corporate website toysrusin.com is still running, and visitors to the site are told that orders that have already been generated will continue to execute until the site is closed, but new orders will not be accepted.
Toys R Us US headquarters announced on March 15 that 735 stores nationwide will be "gradually closed" and the company will close or sell these stores. Toys R Us is currently carrying $5 billion in debt, and its global sales have fallen by $100 million or more each year for the past three years.
According to The New York Times, the former toy retail giant struggled to compete with companies such as Amazon and Wal-Mart and accumulated $5 billion in debt.
In addition, Toys R Us will pay $400 million in debt this year and continue to burn money, and hired law firm Kirkland & Ellis to develop a new development strategy.
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