Toys R Us prepares to shut 25 stores

Toys R Us is preparing to close around a quarter of its 106 UK stores, with the loss of hundreds of jobs, the BBC understands. The closures would form part of a deal to renegotiate debts owed by the company to its landlords – which must be agreed by 75% of its creditors. The toy giant, which has around 3,000...
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Schumer: ‘Bot’ buyers grab hot toys, resell at high prices

‘Tis the season to shut down “grinch bots” that are snatching up some of the most popular holiday toys from online retailers and reselling them for exorbitant prices, Sen. Chuck Schumer said Sunday.Schumer (D-NY) at a news conference in midtown Manhattan called on retailers to block cyber scalpers from using automated technology to buy in-demand products that are later resold...
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