The seeming end of Toys R Us rippled through the toy industry and beyond. Less than a month later, Mattel said it would cut more than 2,200 jobs partly because of lost sales to Toys R Us. Economists were caught off guard that month by the slow growth in jobs, particularly retail, and some blamed the collapse of Toys R Us. That figure correlates with the number of Toys R Us employees that were cut loose without severance pay. Toys R Us was overwhelmed on several fronts in the months leading up to its filing for bankruptcy protection.

Source: National Post October 03, 2018 10:06 UTC