NEWS: Toys 'R' Us Files for Chapter 11 Bankruptcy

"I don't wanna grow up, I'm a Toys-R-Us kid!"

Who remembers that song?

Today the toy store giant announced they have filed for Chapter 11 bankruptcy. The store is struggling with $5 billion in long-term debt.

"The company's approximately 1,600 Toys R Us and Babies R Us stores around the world - the vast majority of which are profitable - are continuing to operate as usual. Customers can also continue to shop for the toy and baby products they are looking for online," the company's statement said.

The Laurie DeYoung Show

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