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6-year-old secretly orders $350 worth of toys off Amazon

Like their first smile, their first steps, their first laugh, a child’s first scam is something a parent will cherish forever. In most cases, a kid’s first scam is entirely amateur, albeit adorable, like stealing cookies from the cookie jar, secretly staying up late to watch a scary movie, or maybe even hiding something they broke and feigning innocence when asked where it went. Six-year-old Caitlin, though? She’s a pro already, and it’s almost intimidating. If she’s pulling off scams at this level, it’s only a matter…

Toys R Us founder dies as iconic retail chain folds

LOS ANGELES: The founder of the embattled Toys R Us chain of children's stores died on Thursday, a week after the company announced the end of its operations in the United States. "There have been many sad moments for Toys R Us in recent weeks, and none more heartbreaking than today's news about the passing of our beloved founder, Charles Lazarus, after a period of declining health," it said in a statement. Lazarus, who was 94, had long since given up day-to-day running of the company he founded in 1948 as a small…

All Toys “R” Us shops to shut in Britain

LONDON: Toys “R” Us stores will disappear from Britain’s shopping streets within six weeks, joint administrators for the retailer said on Wednesday, announcing plans to close the group’s remaining 75 shops. The administrators said in a statement they had not been able to find a buyer for all or part of the business, resulting in the loss of about 3,000 jobs. The UK arm of Toys “R” Us entered administration, a form of creditor protection, in February, sunk by weak consumer sentiment, the growth of online sales and…

Toys’R’Us winds down business

The British arm of troubled retailer Toys'R'Us is winding down its activities, administrators said Wednesday, as the US firm faces pressure from rival stores and online giant Amazon. It means up to 3,200 jobs are at risk and comes as British electricals retailer Maplin on Wednesday joined Toys'R'Us UK in falling into administration -- the process whereby a troubled company seeks independent financial advice regarding its future. Maplin operates out of 217 stores across Britain and Ireland, employing close to 2,500…

Second-hand plastic toys pose serious risk to kids: study

LONDON: Children who play with second-hand plastic toys may be exposed to unsafe levels of chemicals like lead and cadmium that have been linked to developmental problems and organ damage, a UK study suggests. For the study, researchers tested 200 second-hand plastic toys they found in homes, nurseries and charity shops. Toys included cars, trains, action figures, puzzles and blocks - all of which were small enough to be chewed by young children. They discovered high concentrations of hazardous elements including…

Toys ‘R’ Us seeks bankruptcy to survive retail upheaval

Toys ‘R’ Us, the largest US toy store chain, which filed for bankruptcy late Monday, will ask a judge on Tuesday for permission to borrow money so that it can start paying suppliers to ensure it has Lego building blocks and Barbie dolls for the holiday season. The Chapter 11 filing, 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. The collapse came swiftly.…