From the time Toys R Us filed for bankruptcy in September, the Circuit City and Sports Authority bankruptcies have loomed over the toy retailer.
Both were big box specialty retailers that sputtered for some time before filing for bankruptcy. Both entered Chapter 11 with plans to turnaround their businesses and position them to better compete. Circuit City, like Toys R Us, filed more or less unexpectedly, just ahead of the holidays.
Both Circuit City’s and Sports Authority’s plans failed, and each retailer ended up liquidating.
