Business & Economy
Associated Press/Photo by Julio Cortez

After 70 years, Toys R Us going out of business

by Lynde Langdon
Posted 3/15/18, 12:22 pm

Toys R Us on Wednesday informed employees of its plan to close all of its U.S. stores in the coming months. The chain’s liquidation will result in the shuttering of 740 retail locations and eliminate about 30,000 jobs. The 70-year-old company filed for Chapter 11 bankruptcy protection last year to ward off creditors who were owed about $5 billion. The announcement appears to have hurt the company’s holiday sales, which proved dismal as customers turned to other retailers with steadier reputations. Toys R Us employees in the U.S.

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Associated Press/Photo by Gene J. Puskar

Walmart raises minimum age for gun purchases to 21

by Evan Wilt
Posted 3/01/18, 11:37 am

Walmart announced Wednesday it would no longer sell firearms or ammunition to anyone younger than 21 years old. “In light of recent events, we’ve taken an opportunity to review our policy on firearm sales,” the retailer announced in a statement.

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Creative Commons/Mike Mozart

Dick’s Sporting Goods halts assault-style weapon sales

by Evan Wilt
Posted 2/28/18, 11:12 am

Dick’s Sporting Goods, the largest sporting goods retailer in the United States, announced Wednesday it would no longer sell assault-style weapons in response to the recent deadly school shooting in South Florida. The company also announced it would raise the minimum age for all gun sales to 21 and would not sell high-capacity ammunition magazines.

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