30,000 jobs under threat as Toys R Us US collapses

| March 15, 2018

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Toys R Us’ US arm has announced that it will close all 885 of its stores, jeopardising more than 30,000 jobs.After it filed for bankruptcy late last year, the US toy giant has failed to secure a buyer and was already in the process of shuttering 20 per cent of its store estate.The retailer has since failed to find funds to meet debt deadlines and will now close entirely.Though further details of the closure plans are expected to be made public soon, it is understood that it is trying to sell off its Canadian, Asian and mainland European operations to prevent them succumbing to the same fate.

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The Latin American Institute of Electronic Commerce (eCommerce Institute) is a regional non-profit organization that develops and supports the Digital Economy in the different countries of Latin America with the aim of promoting initiatives that consolidate and promote the business world through the Internet.

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