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LOS ANGELES (CBSLA) — Toys R Us could reportedly file bankruptcy this week, just months ahead of the Christmas shopping season.

The toy giant has hired a law firm to address a $400 million debt load coming due next year, according to the Wall Street Journal.

Like other big box retail chains, Toys R Us has struggled to keep up with the steady migration of shoppers to online outlets, which have in turn forced prices downward and cut down on in-store visits, The Journal reported.

Read more and see the video at CBSLA.com.

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