Global toy retailer suspends online operations, closes stores

The retailer also owes roughly $120 million CAD ($87.6 million USD) to vendors, along with $4.7 million CAD ($3.43 million USD) in unpaid rent, property taxes, and other obligations tied to its remaining stores. The filing also shows more than $36 million CAD ($26.3 million USD) in outstanding gift card liabilities, as well as ongoing litigation related to unpaid rents and commercial disputes from vacated store locations.According to court filings , Toys "R" Us Canada reported a net loss of $170 million CAD ...