Toys "R" Us is closing its doors after 70 years in business. The toy retailer will close all of its stores and plans to liquidate the remaining inventory. In total, Toys "R" Us had around 800 stores. This means that approximately 33,000 people will lose their jobs. The company filed for bankruptcy six months ago and has been struggling to restructure its debt since then.
In other bankruptcy news, iHeartMedia is filing for bankruptcy protection. The largest U.S. radio company said it reached an in-principle agreement with investors to restructure its debt.
Currently, the company has more than $20 billion in debt. iHeartMedia, which owns iHeartRadio, has been faced with declining sales and a shrinking customer base in recent years.
The former CEO of Walmart.com joins us to talk about his new book. Carter Cast gives readers an honest look at his own career path in "The Right and Wrong Stuff: How Brilliant Careers Are Made and Unmade." He opens up to Cheddar about his many successes and failures over the years.
Plus, we talk to the cast of "Love, Simon" about their new movie that hits theaters this Friday. Jennifer Garner stars alongside Nick Robinson and Katherine Langford from Netflix's "13 Reasons Why" in this coming-of-age story. The cast agrees that the time was right for this film, which centers around a gay high school student. "Love, Simon" hits theaters Friday, March 16.
Jessica Traver Ingram, CEO and co-founder of IntuiTap Medical, discusses developing the company's Ver Touch device, the crucial FDA approval it just won, and why innovation in spinal blocks and epidurals is long overdue.
Matt Stucky, Chief Portfolio Manager of Equities at Northwestern Mutual Wealth Management chats why Nvidia has been unsteady leading up to its latest earnings results, plus what’s to come for the so-called ‘Magnificent 7.’
Walmart's revenue increased last quarter because customers kept coming back again and again. Are most shoppers buying and avoid the same products as you are?
NBA champion Kendrick Perkins and Edly founder Chris Ricciardi discuss working together to create Nilly, a new platform where fans can invest in name, image, and likeness deals of their favorite college athletes.
Off the back of their latest earnings results, Hungryroot CEO Ben McKean discusses how the company is bringing healthy food straight to customers' doors and how it's using A.I.
Jack Ablin, Cresset Capital founding partner and CIO, breaks down the current market, from all eyes on Nvidia’s earnings to what sectors he’s seen deliver excellent returns.
