Toy R Us filed for Chapter 11 bankruptcy protection on 9/18.

Yet, it plans to hire 12,500 more employees for upcoming holiday season. Toy R Us said they received $3.1 billion financing to cover all the cost for the coming holiday season.

Usually the end of year holiday season counts for 70% of annual toy sales. It seems that Toy R Us bet its feature on upcoming holiday season. A successful season could possibly save this 69 years old toy retail giant and relax its financial burden.

https://www.cnbc.com/2017/09/21/toys-r-us-revs-up-for-holiday-hiring.html

-Li Chen