Toys R Us could be heading into the crucial holiday season in bankruptcy.
Wall Street Journal, is reporting that it’s the companies suppliers that are behind the reason. They refuse to ship new items unless the company can pay in cash.
They have already purchased most of their merchandise for the season, but this would pose a problem with restocking the toys.
As of April, the toy giant was $5 billion in debt, according to USA Today. The bankruptcy filing could come as early as this week.
Could this be the end of Toys R Us?