January 24, 2018
Toys R Us on Tuesday asked a New York bankruptcy court for permission to close more than 180 U.S. stores that it says are performing at "suboptimal levels."
December 06, 2017
Bankrupt Toys R Us on Tuesday was given the green light to spend $90 million on an incentive package to motivate employees during the critical holiday season after a Virginia bankruptcy court overruled the federal bankruptcy watchdog's concerns that the "princely compensation ... defies logic and wisdom."
November 29, 2017
Toys R Us Inc. on Tuesday asked a Virginia bankruptcy court for permission to delay for three months decisions on which store leases to maintain so that all of its locations can remain open during the holiday season, while the U.S. Trustee blasted the retailer's request to pay workers up to $100 million in bonuses.
November 16, 2017
Toys R Us Inc. on Wednesday asked a Virginia bankruptcy court for permission to pay its employees up to $100 million in bonuses, saying the incentives are needed to navigate the company through a Chapter 11 holiday season.