>> The iconic store chain Toys R Us will sell or close all of it's US stores in the coming months in a move that could affect up to 33,000 jobs and more than 700 US locations. This 70 year old chain, and one of America's most recognized retailers filed for bankruptcy six months ago after struggling to keep up with it's online competition and handle a massive amount of debt.
The company's closure will deal a blow to generations of consumers, and hundreds of toy makers like Mattel, Hasbro, and Lego, that have sold their products to the chain over the years. The retailers also likely to liquidate in other areas including England, France, Spain, and Australia. And is working on a plan to sell its stronger Canadian business.