Toys R Us Canada: $170 Million LOSS! Iconic Toy Store SHUTS DOWN NOW!
Did you know that Toys "R" Us Canada reported a staggering net loss of $170 million CAD in just ten months? This iconic toy retailer, a childhood wonderland for many, has dramatically suspended its e-commerce operations and filed for creditor protection under Canadian law. Owned by Putnam Investments, the company is attempting to restructure its significant debts, including $120 million CAD owed to vendors and millions in unpaid rent and gift card liabilities. This severe financial challenge highlights the precarious situation facing even the most nostalgic brands today. To stay informed on the business world's biggest shifts, make sure to subscribe to our channel.
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