|Bid||21.72 x 2000|
|Ask||21.78 x 300|
|Day's Range||21.63 - 22.52|
|52 Week Range||19.32 - 45.41|
|PE Ratio (TTM)||9.90|
|Dividend & Yield||1.51 (6.69%)|
|1y Target Est||N/A|
Toys 'R' Us Inc got court permission on Tuesday to borrow more than $2 billion to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy. The Chapter 11 filing by the biggest U.S. toy store chain, to restructure $5 billion of long-term debt, is among the largest ever by a specialty retailer and casts doubt over the future of the company's 64,000 employees and nearly 1,600 stores, which remain open. News reports this month that the company hired a law firm that specializes in corporate restructuring and was seeking a bankruptcy loan set off "a dangerous game of dominoes," David Brandon, the company's chief executive and chairman, said in a court filing.
Major retailers are looking to stimulate anemic sales by hiring thousands of more workers this holiday season to improve customer service on their sales floors and handle the fast-growing use of their stores to fulfill online orders. The move comes as several analysts note that retailers have lost sight of basic in-store customer needs as they scrambled in recent years to compete better with Amazon.com Inc by cutting costs through store closures, offering more mark-downs and pouring millions into building out e-commerce platforms. "In the last two or three holiday seasons, retailers have been so focused on digital, that perhaps they haven't paid enough attention to their stores," said Carol Spieckerman, president of retail consultancy Spieckerman Retail.
Kohl's (KSS) has been wrestling with numerous pressures for the past quarters due to difficult sales environment. Amid such a downturn, the company issues innovative ways to market products.