[VashTS]

Quote:

Originally Posted by Joe Moore

Did anyone actually read any of the articles on this? They aren't going out of business. This isn't a liquidation or even an organizational restructuring. Store sales have nothing to do with this filing. They're restructuring debt that was due. Stores are actually making money, but can't cover the large amount of debt, $400 million of which was due this year. So they filed for protection while they're restructuring the payments on these. They've already secured $3 billion in financing.

Bankruptcy doesn't automatically mean you lose all you money and assets. Some low profit stores may be forced to close at some point in the future (pure speculation on my part), but that will all be dependent on what the final terms of the restructuring are. There's no clearance sales happening. Read beyond the headlines.

From what I understood, the BabiesRUs is the problem. TRU seems to be doing fine, but the babies R us is a big money loser for them bc of Amazon.