Despite investors' expectations of robust sales, big department stores reported disappointing sales figures for the holiday season, sending their share values tumbling.
Black Friday is traditionally the busiest shopping day of the Thanksgiving holiday season and is crucial to the US economy. But now it's more than just a day. It is now a lucrative event both in store and online for retailers around the globe.
The private toy retailer had previously said it was working with investment bank Lazard Ltd to help address its approximately $5 billion in debt.
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