Sept. 16 (UPI) -- Toys 'R' Us may file for bankruptcy before the holiday season as vendors cut shipments to the company on account of its efforts to refinance billions of dollars of debt.
The toy retailer is looking to refinance more than $5 billion of debt it has carried since a buyout more than a decade ago, but as it does so, vendors have pulled back shipments because of the cost of insuring them is becoming to expensive.