Toys "R" Us is an American toy, clothing, and baby product retailer. The company was founded in 1957. While originally considered a category killer, the rise of mass merchants and online retailers cost Toys "R" Us its share of the toy market. The company was further hampered by a significant debt load, the result of a leveraged buyout organized by private equity firms. The company filed for bankruptcy in 2017 and 2018, closing all of its US, British, and Australian locations, with the last US stores closing in 2021. In August 2021, WHP Global announced that Toys "R" Us would be opening over 400 stores within Macy's starting in 2022.