Toys “R” Us Filed For Chapter 11 Bankruptcy Protection

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With digital stores on the rise, like the online shopping site Amazon, it has become harder for retail stores to keep up. A few days ago, the 60-year-old company Toys “R” Us filed for chapter 11 bankruptcy protection because it is struggling to maintain the revenue that they used to get. Chapter 11 bankruptcy protection doesn’t necessarily mean they are closing, but it is now definitely a possibility. It’s a sure sign  they are not doing well revenue wise.

Chapter 11 bankruptcy protection doesn’t necessarily mean they are closing, but it is now definitely a possibility. This is a sure sign they are not doing well revenue wise.

It’s no secret that a few years ago Toys “R” Us was one of the biggest toy stores out there. Just like how radioShack was one of the biggest electronic stores for parts but the same thing happened, it was simply easier to buy things online. This is also happening to Gamestop, because now you can buy games digitally. All these companies are  being damage from online markets. It seems no one wants to go out of their way to stop at a store that sells only one type of item.

This is similar to how RadioShack was one of the biggest electronic stores for parts, or how Gamestop was a large retailer for video-games or movies. All of these companies are being damaged from the online markets; it is simply more convenient to purchase goods online. It seems no one wants to go out of their way to stop at a store that sells only one type of item.

A interesting thing to think about with companies like Amazon on the rise is what is the future of shopping beholds for us. If a behemoth company like Toys “R” Us is starting to have issues, how are smaller toy stores doing? People think in the future almost everything will be bought digitally.