Toys R Us Inc. is the latest in a long line of retailers that have filed for Chapter 11 bankruptcy in recent months, as competition from e-commerce remains fierce and financial pressures rise.
In its filing Monday in federal court in Richmond, Virginia, TRU-SVC Inc., a holding company for Toys R Us, became the third largest retailer in history to file for Chapter 11, according to BankruptcyData.com. The company reported it holds about $6.9 billion in assets.
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