Pinoy Kids Need Not Worry: It's Business as Usual for Toys 'R' Us

The Asia Pacific office of the global toy retailer Toys “R” Us assured its business partners and customers that its operations will continue, despite the bankruptcy filing of its US counterpart earlier this week.

“The company’s operations outside of the US and Canada, which include operations in Asia, Australia and Europe, are not part of the Company’s financial restructuring,” Toys “R” Us Asia Pacific president Andre Javes said in a statement sent to retail partners on Wednesday, September 20. “Toys ‘R’ Us is open for business and is continuing its operations in the normal course around the world.”

Toys “R” Us Inc. had been struggling to cope with the fast-changing demands of consumers, especially at the heart of the e-commerce boom. It filed for bankruptcy to restructure its company’s $5-billion worth of long-term debt on Monday, September 18. (UPDATE: Last March 14, 2018 the Wall Street Journal reported that Toys “R” Us told its employees it will sell or close all of its stores in the United States.)

What other parents are reading

9 Ways Good Moms Accidentally Turn Into Helicopter Parents

The move came at an inopportune time as the holiday season, which drives up  to 40 percent of the company’s total yearly sales, was about to kick in.

“We will continue to provide great service and a wide assortment of toys especially for this holiday season,” Toys “R” Us Philippines general manager Celina Chua said in a statement.

Elyssa Christine Lopez is Entrepreneur.com.ph's staff writer. Follow her on Twitter @elyssalopz

This story originally appeared on Entrepreneur.com.ph.

* Minor edits have been made by the Smartparenting.com.ph editors.

What other parents are reading

This Common Sight at Playgrounds May Bring Your Child to the ER

8 Must-Have Baby Gear for Kylie Padilla, Georgina Wilson and More

Try This Allergy Test if Your Child Can't Take Needle Scratches

Run This Experiment and Your Kid Will Remember to Wash His Hands