Toy R Us could file for bankruptcy

Source: MGN Online
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(WSJ/CNBC) According to the Wall Street Journal, Toys 'R' Us could be preparing to file for bankruptcy before the holiday season.

One of the reasons for the filing includes the shift to online sales, which pushes down prices and reduces store visits.

Sources told CNBC that bankruptcy plans are not definite, but could be filed as soon as this week.

Toys 'R' Us reported a net operating loss of $164 million in the first quarter of 2017.

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