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Popular Toy Store Goes Bankrupt, As Expected

In this Feb. 27, 2018 photo, a branch of Toys R Us at St Andrews retail park in Birmingham, England, displays a closing down sale banner. (Aaron Chown/PA via AP)

In this Feb. 27, 2018 photo, a branch of Toys R Us at St Andrews retail park in Birmingham, England, displays a closing down sale banner. (Aaron Chown/PA via AP)

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You may have heard rumors this September that Toys “R” Us may have been shutting down after the holiday season, due to predictions of bankruptcy. On March 14th, 2018, Toys “R” Us officially announced that the liquidation of their stores would begin. This includes 735 stores nationwide, not including outlets. Over 31,000 former employees will be laid off after the stores fully close.

For decades, Toys “R” Us was the leading toy store for all toys, video games, dolls, action figures, learning games, building blocks, and more. The popular belief as to why the toy store chain went bankrupt lies within e-shopping and the markup of all of their prices. Toys “R” Us has been known to mark up their prices way over the usual, (around 10-15%) which many suspect led to the gradual decline in sales.. Another likely reason is the increase in online shoppers looking for better prices and trying to not have to go to a physical store.

Many people are disappointed that Toys “R” Us is closing, but many are happy that they won’t be tricked into buying things for more than they should cost. “I remember going to Toys “R” Us every birthday, where I would pick out any toy that I wanted. There are many good memories in that store, and it is sad to see them go,” said eighth grader Lewis Elias.

There are mixed opinions on this topic, but we now know for certain that within two to three months, we will have to wave our final goodbyes to this popular toy store. The big question for economic experts now is, what will shut down next because of online shopping? It is sad to see them go, but we’ll always be a Toys “R” Us kid.

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Popular Toy Store Goes Bankrupt, As Expected