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Toys 'R' Us preparing for bankruptcy
CNBC reports that Toys 'R' Us could file for bankruptcy as soon as this week — an effort to restructure $400 million of debt. The move comes just before the holiday season when the retailer does most of its sales. The toy giant is struggling like many other American retailers as shoppers go online for goods — big box retailers like Target and Walmart have also eaten away at Toys 'R' Us' market share for toys with lower prices.
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