The long-embattled toy store chain threw in the towel in September 2017, filing for bankruptcy. The 70-year-old company’s financial performance had felt the crunch of competitors like Amazon and Walmart. Its long-term debt load of $5 billion made things even worse. In bankruptcy, the company had initially planned to shed some of its debt and continue operating, but after an especially dismal holiday season, it said in March 2018 that it would instead close hundreds of U.S. stores and lay off all its workers.
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