FIRST AIRED: September 19, 2017

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COMING UP:Share Opener Variant 1



>> In the latest sign of distress that has ripped through traditional brick and mortar retailers, Toys R Us filing for bankruptcy after 60 years as one of the most venerable names in retail. Reuters Jessica DiNapoli says Toys R Us came under intense pressure from suppliers.>> This bankruptcy of Toys R Us has been very fast moving in part because vendors have clamp down and are requiring tighter payment terms from Toys R Us, which in turn is causing a cash drain on Toys R Us and precipitating the bankruptcy filing.
>> Those vendors spooked after reports emerged that the privately held toy retailer was working with an investment bank to help address it's $5 billion debt load, $400 million of which comes due next year. The move by Toys R Us to file for bankruptcy, coming at a time when more consumers are turning to Amazon.
The next decision for the giant toy seller, whether to operate while in bankruptcy or liquidate. Sources are not completely convinced that Toys R Us will not liquidate, they have not decided to liquidate. There is no indication that that's what they're doing. But it is a fear in the marketplace as other sellers of toys have gained dominance like Amazon and Walmart.
>> Investors Monday started to brace for a major disruption to the entire toy business sending shares of US toy companies Mattel and Hasbro lower.