50 Companies At Risk of Bankruptcy in 2020

Published on November 26, 2019
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Toys R Us

2018 was a sad year for children around the US as the famous Toys R Us filed for bankruptcy. Not only did they file for bankruptcy that year, but before the year-end, they had shut down most if not all of their physical locations. In Canada, where Toys R Us also had physical stores, the company was purchased by a private company. So, while the kids in the US find other toy store alternatives, Canadian kids can continue to enjoy the joy and happiness of Toys R Us.

Toys R Us

Toys R Us

Gymboree

It almost seemed inevitable that Gymboree would find itself seeking bankruptcy protection at the start of 2019. With Destination Maternity closing down, it just seemed as though kids’ clothing stores would soon follow suit, and they did with Gymboree taking a hit. There is somewhat of a silver lining to Gymboree’s downfall – Children’s Palace, a higher-end children’s clothing store, would purchase the brand and sell their products in their stores. Good to know there will still be a shop for babies to buy onesies.

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Gymboree

Gymboree