Did toys r us close down in australia?
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Who owns Toys R Us Now?
In 2014, Toys R Us filed for bankruptcy and was sold to a group of investors led by Bain Capital. The company has since closed all of its U.S. stores.
What caused Toys R Us to close?
Toys R Us announced on September 15, 2018 that they would be closing all of their stores globally. The company filed for Chapter 11 bankruptcy in September 2018. They had been struggling with declining sales and a high debt load.
Why did Toys R Us close down in Australia?
Toys R Us closed down in Australia due to a competitive landscape and changing consumer preferences. The company had difficulty competing against online retailers such as Amazon, as well as department stores such as JB Hi-Fi and Myer. Toys R Us' failure to keep up with these retailers led to its closure in Australia in March 2018.