This Feb. 27, 2018 file photo shows a branch of Toys R Us at St Andrews Retail Park in Birmingham, central England. (Aaron Chown/PA via AP, File)
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Toys 'R' Us Inc., the iconic toy retailer, will shutter or sell its stores in the United States after failing to find a buyer or reach a deal to restructure billions in debt, putting at risk about 30,000 jobs.Brokerage Jefferies estimated that 40 percent of the toy sales up for grabs as a result of the bankruptcy would flow to Amazon and 30 percent to Walmart.Toys 'R' Us said on Thursday it was seeking approval to liquidate inventory in 735 U.S. stores, which debtors anticipate will close by the end of this year.Shares of Mattel and Hasbro tumbled last week on Toys 'R' Us' liquidation reports. Both rely on Toys 'R' Us for roughly 10 percent of their revenues, according to their 2016 annual reports.
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