Toys R Us, once one of the country’s largest children’s toy and clothing retailers, is battling for survival after reporting a slump in sales and with its auditor warning that it could soon run out of money.
The company, which has become an online-only retailer after it collapsed in 2018 owing creditors about $95 million, reported first-half sales of just $3.1 million compared to $5.9 million in the same period a year earlier.
Loading…