2017 Consumer Year in Review - Toys R Us files for bankruptcy protection

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(WTVY) -- Info from CBS MoneyWatch

Back in September, the retail giant Toys R Us filed for bankruptcy protection.

The retailer has 1,600 Toys R Us and Babies R Us stores around the world--including one in Dothan.

Overall, they employ 64,000 workers.

The company says they will continue to operate as usual.

They intend to use the bankruptcy protection to restructure its debt.

In fact, they hired more than 12,000 seasonal workers for the holidays.