You're watching Naked News, I'm Shannon Blake! It's a dark day for one of America's most iconic retailers - or for anyone who grew up as a Toys "R" Us kid! Laura's standing by in the newsroom with details! Sad but true, Shannon! After 70 years in business, Toys "R" Us is shutting down all of its stores across the US and UK. The news isn't a total surprise to anyone who's followed the company's downward trajectory. Toys R Us filed for bankruptcy in September and has BILLIONS in debt. It reported a 953 million dollar loss in the first nine months of last year alone! The store closures will cost more than 33-thousand jobs.