Toys 'R' Us could be filing for bankruptcy

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(NBC) - The toy store, “Toys ‘R’ Us” could be headed for bankruptcy before the holiday season.

According to people familiar with the matter, Toys 'R' Us is preparing for a potential bankruptcy filing that could come before the holiday sales season.

Such a move would underscore the distress of retailers of all sizes as consumer increasingly turn to online shopping sites such as Amazon or discount stores such as Walmart.

There have been more than a dozen retail bankruptcies this year, but none for retailers as big as Toys R Us.

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