Can U.S. toy retailer Toys’R’Us (875 stores in the U.S. and 765 internationally) successfully restructure debt without seeking bankruptcy protection? In June 2017, borrowing wasUS$5.2 billion, including a US$400 million bond due to be repaid in 2018. Fitch Ratings urged Toy’s’R’Us to promote lower prices and expand online. However, online margins for retailers are very small, discouraging the significant investment required to regain competitive advantage. Lenders are increasingly nervous...
Pressure increases for toy retailers
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