Toys ‘R’ Us Sales Declined Ahead of September Bankruptcy Filing

Toys “R” Us Inc. reported “disappointing” results for the three months ending October 28, during which the toy retailer was forced to file bankruptcy after vendors cut shipments.

Same-store sales in the U.S. declined 7 percent compared with a year earlier, according to a statement Tuesday from the Wayne, New Jersey-based company. Net sales fell to about $2 billion, down $89 million from last year, and the operating loss widened to $208 million from $40 million.