Some of the United States’ most prominent retailers are shuttering stores this year amid sagging sales in the troubled sector. The rise of ecommerce outlets like Amazon has made it harder for traditional retailers to attract customers to their stores and forced companies to change their sales strategies. Many companies have turned to sales promotions and increased digital efforts to lure shoppers while shutting
down brick-and-mortar locations. Toys R Us appears poised to join the list of retail casualties. The venerable toy retailer filed for bankruptcy Monday night amid mounting debt and pressure from wary suppliers, according to multiple reports. For now, the company says its 1,600 store locations will operate “as usual,” the Washington Post reported. READ MORE
