Maybe people have been sueing them for when they try to do you for reusing bags. You have to reuse bags but if you go in a store with a bag to reuse they try doing you for shop lifting. Also it's better to go into a toy shop that sells toys like Entertainer, Toy World or Smyths
Yep, one of two things will happen - they will do well enough at Christmas to persuade some entity to provide them with a new line of credit, or they won't. In the latter case it would pretty much mean either the complete or almost complete dismemberment of the company.
On the other hand, at least one US airline went into bankruptcy protection a hopeless case in the last couple of decades and emerged whole and viable as I recall, so more precarious enterprises have managed to negotiate the process.
I can't see any solution to TRU's woes in the article. Its unique market position is based upon the big box out-of-town model; if you abandon this, TRU risks becoming another small toy shop franchise. Sure, this makes it better able to compete with The Entertainer, but how do you compete with Smyths when they take over the department store market?
That said, the suggestion that TRU could learn a few things from Hamleys, Disney store, and the Lego shop sounds interesting - these stores take a fairly novel approach to embedding products into activities being held in the shop. The potential downside is that TRU may feel compelled to raise toy prices to cover these 'free' events and then find that parents leave the store and order online because their products are too expensive.