Toys ‘R’ Us seeks bankruptcy, crushed by debt and online rivals

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TOYS
TOYS "R" US INC. filed for bankruptcy Monday evening, surprising much of the toy industry. /BLOOMBERG FILE PHOTO/LUKE SHARRETT
NEW YORK - Toys “R” Us Inc., the once-dominant specialty retailer and ultimate toyland for a generation of post-war baby boomers, filed for bankruptcy thanks to a crushing debt load from a previous buyout and relentless competition from warehouse and online retailers. The bankruptcy filing is the latest blow to a brick-and-mortar retail industry reeling…

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