Without Toys R Us, 30,000 jobs, a black hole for toy makers

NEW YORK -- The demise of Toys R Us will have a ripple effect on everything from toy makers to consumers to landlords.

The 70-year-old retailer sought court approval Thursday to liquidate its remaining 735 stores, eliminating the jobs of some 30,000 employees while spelling the end for a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot.

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