Toys "R" Us On The Ropes!

Toys R Us is in danger of collapse.

The world's largest toy and games superstore is on the verge of collapse.

Toys R Us just filed for Chapter 11 bankruptcy. They did it on late Monday night. This is one of the largest ones in American history. That means the company will start randomly closing up stores as it restructures itself. The company is billions in debt and the federal government will place it on a watch list. They will hire a firm that will aid them in retaining funds.

That means it's on the ropes literally.

Toys R Us doesn't think it will survive the holidays. That is the most crucial time for all retailers to survive.

The company places some of the blame on online retailers like Amazon, and a lack of interest in the latest toys. Also a bad summer of movies and terrible Fall TV season will not drive people to the toy stores for the latest toys, video games and DVDs.

Stores in the United States and Canada will eventually close. It will leave an empty storefront and a lot of unemployed workers.

That means it will place more Americans out the labor force and on food stamps. That's a nod to that annoying conservative agitator Sean "Softball" Hannity.

Our inept leader Donald J. Trump refuses to acknowledge the looming crisis that's coming. This could be the signs of a retail crisis. That means a domino effect.

Once Sears Holding Group closes up shop, it will trigger a nationwide crisis. The big ones like Walmart, Kroger and Target will start to take advisory.

Technology is killing retailers. The easy access to purchasing stuff online will end the necessary foot traffic retailers need to succeed.