Report: Toys R Us is planning to file for bankruptcy

In the past we have heard that Toys R Us has been struggling financially. Today, Bloomberg and others are reporting that the company is planning a bankruptcy filing possibly today or sometime this week.  There isn’t any more details about the subject from the respected news publication.
With speculation of a bankruptcy mounting, shares of Toys “R” Us’s vendors tumbled on Monday. Shares of Mattel Inc., the maker of Barbie and Fisher-Price, fell 6.2 percent — its worst decline in seven weeks. Hasbro, the company behind Monopoly, Nerf and Transformers, dropped 1.7 percent, marking its biggest decrease in almost two weeks.
Stay tuned for more updates on this story.
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