BUFFALO, N.Y. (WKBW) – Amid widespread hypothesis that Toys R Us could announce this week it’s closing all of its shops, Senator Charles Schumer is urging the bankrupt retail to take motion to guard shoppers.
The Senate Minority Leader has despatched a letter to the appearing chairwoman of the Federal Trade Commission, asking her to place stress on the corporate to permit shoppers with Toys R Us reward playing cards to change them for money.
“With your entire Toys R Us operation prone to shutting its doorways for good, I’m urging the corporate to redeem excellent reward playing cards for money so they aren’t as nugatory and undesirable as a lump of coal in a stocking,” Schumer mentioned in a launch.
Toys R Us filed for chapter in September, saddled with a $5 million debt load. The toy firm was hopeful a robust vacation season would assist flip round its fortunes, however its monetary state of affairs has solely gotten worse.
Toys R Us has 800 remaining shops within the U.S., together with areas in Amherst, Clarence and Blasdell. Today it introduced it was closing all of its 75 remaining shops within the United Kingdom.