Keep Track Your Child With Children Tracking Devices

By Paul Picher

Have you ever worrying about your child does not come home after school? Have you ever spent a few hours looking for your child after him missing in a park when everyone in your family supposes to have a nice picnic together? Have you ever heard any news about kidnapped child? I am sure you have heard some of missing child on the news or newspapers. This kind of situation creates a certain panic in a parent who experienced these situations. As the world evolve everyday, new technology born every second. One great innovation like children tracking devices allow parent can rest assure that their children can be tracked whenever they want.

One of a great benefit of children tracking devices is that they can help parents find out where their child is. Whether their child stopping by somewhere after school or wondering around and lost in a crowd. Parents can check their child location through GPS service provider whenever they want. Some service provider can notify parents immediately through phone call, email, website or SMS if their children stopped by somewhere they should not be.

Children tracking devices are innovated base on GPS tracking technology. GPS is stand for Global Positioning Systems which make a great use of satellites orbiting around our earth for tracking purposes and navigation purposes. There are a number of satellites which launch by U.S. government for these purposes. GPS tracking device has a communication devices act as a receiver and transmitter to communicate with these satellites and use the information they received from satellites to determine the exact location of the devices.

[youtube]http://www.youtube.com/watch?v=wYtwvad3J0Q[/youtube]

Children tracking devices can operate in several ways as the service provider programmed them. The simplest type of children tracking devices can simply determine the current location of the children. The more advance devices can be programmed to alert the parents once their child go outside a safe area decided by their parent. Some model of children tracking devices can even tell parents about hearth rate, blood pressure, body temperature. But these kinds of devices usually need to be attached to children body to operate correctly which normally come in a form of wristwatches.

A real time tracking is very helpful when take a view from security and safety perspective. It allows parent to find the exact location of their child at any given time. If there is a kidnap happens with their child, with proper setting of safe area programmed in tracking devices, they can fire an alert to the parent immediately about what go wrong. The parent can use information from the devices and take an immediate action to determine whether their child is kidnapped or not. After that, they can use tracking devices to track the exact current location of the kidnapper and determine further on where the kidnapper is heading. They can use this information to help the police to work out rescues plan.

Knowing your child whereabouts is very important to keep them away from harm. Children tracking devices is a very effective tool to enhance your child safety. Each model offers a different feature and functionality. So make sure you do some research on each device before you buy.

About the Author: Paul Picher writes articles about

tracking devices

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Bucharest to be ‘rebranded’ for 800 million euro

Wednesday, March 2, 2005

Bucharest, Romania — The city centre of Bucharest, the capital of Romania, is set to get a major facelift due to a real estate project called Esplanada (The Esplanade), which will be constructed by TriGranit Development Corporation. The total investment in the project will be greater than 800 million euro and aims to build a modern commercial pedestrian area in downtown Bucharest, with several shopping malls, office buildings, hotels and dwellings. It will be the largest real estate program in Romania since the fall of Communism in 1989.

Bucharest is currently looking at possibilities to improve its appearance and rebrand itself as a lively, creative and vibrant city. Many initiatives have sprung up to improve the city, including the organisation of CowParade later this year. Additionally, the old town centre will be restored. Due to Romania’s current economic boom, several other major construction projects are taking place.

Bucharest City Hall has blocked traffic in the city center due both to the old town restoration and to the Esplanada project.

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CyanogenMod: Open-source smartphone OS goes commercial

Thursday, September 19, 2013

File:CyanogenMod Cid.svg

The developers of CyanogenMod, an open source free Android-based operating system for smartphones, announced yesterday their incorporation following a successful venture capital campaign which netted the open-source project a US$7 million nest egg, and plan to roll out a simple installation app on Google Play for their Android firmware.

Android runs nearly 80% of new mobile devices; CyanogenMod operates on at least 7 or 8 million of those. CyanogenMod replaces the read-only-memory image in android devices which have been ‘rooted’ —control acquired of the device’s superuser account— allowing continuing development for, and backporting abilities of new generations of the operating system to, older devices.

Investor Mitch Lasky wrote on his blog “We believe that CM is poised to become one of the largest mobile operating systems in the world.” Benchmark Capital and Redpoint Ventures are part of the capital providers to form Cyanogen Inc.

“The only limitation we have right now is with the number of engineers and designers we currently have. As we hire more people and build this company, we’ll be able to work on so many cool things”, said Koushik ‘koush’ Dutta, who took questions alongside Steve ‘cyanogen’ Kondik and team social media manager Abhisek “ciwrl” Devkota in a Reddit Ask Me Anything event shortly after making the announcement on the CyanogenMod blog. The team of 17, including Boost co-founder Kirt McMaster as CEO, are in Palo Alto, California and Seattle.

Kondik says Cyanogen mod is named after him. “I’m terrible with names, so I just slapped ‘mod’ onto the end of my handle and ran with it”, he explained in the incorporation announcement.

An early question raised in the Reddit event concerned profit-making: “Monetization isn’t an immediate concern and our investors […] feel the same”, said Dutta, adding “Creating disruption in a multibilion dollar market is enough to make any investor raise their eyebrow.” This means CyanogenMod would continue to be free. Follow questions asked if the company was planning to release their own model of android device. “We certainly couldn’t take on the monumental task of building/testing hardware [right now]. Hardware would be one of many potential very long term paths we could take”, said Dutta.

The firm’s first announced step is to improve the process of installing the software on owner’s devices, which Kondik described as “hideous”. A new installer app is planned to be released “in the coming weeks” on Google Play. The installer app will not require rooting the device, instead installing by simply clicking a button.

A further step, broadly described without any details, is a project with an unnamed original equipment manufacturer (OEM). “We have a least one OEM partnership in the works, there will be an announcement next week regarding our plans there”, said Kondik. The team mentioned OEM licensing several times during the Q&A session on Reddit.

In addition to these corporate steps, there were questions regarding the roadmap for development of the ROM, which already has improvements regarding privacy and security over the native android loader. With “plenty of things in the product pipeline already” Dutta lists additional security features, AirPlay mirroring, screen recording, and Voice+ as upcoming. The mood throughout the event was jovial, with humourous questions such as “can you guys PLEASE release a CM build for my toaster? I’m not sure what model it is, but it’s white and I got it at Savers.” Kondik promised “Ship it to me and I’ll duct tape a G1 running CM to it”. Dutta said his “10 of your favorite lines of source code” are “The ones that worked when they shouldn’t have.”

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Get The Most For Your Money With Rental Management Assistance In Tulsa, Oklahoma

byAlma Abell

If you are a property owner of one or more houses, it would be very beneficial to seek out rental management assistance in Tulsa, Oklahoma. If you already have your properties rented, you know the burden of responsibility that is required in managing your property alone. Without assistance in managing your property, you will be the sole person responsible for handling the maintenance, accounting, rent, tenants, and more.

[youtube]http://www.youtube.com/watch?v=c5QxwDqr3OA[/youtube]

To help make managing your properties more simple, there are many rental management companies recognized by the Oklahoma state government designed with the benefits of the property owner in mind. These companies will manage almost every detail of your property, putting you in the position to be able to simply sit at one place and manage the few details left.

Management Assistance for AnyoneAssistance in rental management will also allow you to reap the highest profits from your properties. The professionals from these companies are trained to follow the market trends in real estate and are licensed to treat each customer with the highest quality of service. They know how to get you the most out of your investments, whether you are looking into buying new properties or renting properties that you already own. Even if you are looking for assistance in managing your own rent or mortgage payments and you need a simple solution to help you overcome your financial burdens, there is a rental management company designed to help you.

First Time BuyersIf you are looking for property to buy in Tulsa for the first time, you will absolutely benefit from getting professional assistance. Licensed professionals in rental management are trained to follow important market trends around the area and can find you the best property for you budget in the location of your choice. They will make many options available to you that you never would have found if you were searching for property on your own.

Find the Company for YouBefore you hire a professional to assist you in managing your property needs, do some research on which companies offer the best services to match your requirements. Whether you are looking for assistance in managing a single property or multiple units, looking to buy property for the first time, searching for a tenant to lease a property to, or simply getting assistance in payments on your property, there is a management company in Tulsa designed to suit your needs.

You will want to do some background research once you have found a company that is offering the services you seek. You want to find out if they have a reputable reputation with agencies such as the Better Business Bureau and that they are up to date on all of their required licenses for the services they provide. There are many trustworthy companies in the Tulsa area looking to assist you today.

Freak wave rocks luxury liner–4 hurt

Sunday, April 17, 2005

The Norwegian Dawn, a 965-foot-long luxury vessel, was struck by “a freak wave that caused two windows to break in two different cabins,” the owners, Norwegian Cruise Line, said in a statement. It changed course, docking in Charleston late Saturday afternoon instead of completing its planned travel to New York.

The wave, estimated at 7-stories-high, flooded 62 cabins and injured 4 passengers with cuts and bruises. Company spokeswoman Susan Robison said the wave reached to deck 10.

The hull was damaged but the vessel was not in any trouble, according to the Coast Guard, and the safety of the ship “was in no way compromised by this incident.” Passengers were told to don their flotation jackets anyway.

The ship left New York last Sunday on a week-long round-trip cruise to and from the Bahamas.

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A portrait of Scotland: Gallery reopens after £17.6 million renovation

Thursday, December 1, 2011

Today saw Edinburgh’s Scottish National Portrait Gallery reopen following a two-and-a-half-year, £17.6m (US$27.4m) refurbishment. Conversion of office and storage areas sees 60% more space available for displays, and the world’s first purpose-built portrait space is redefining what a portrait gallery should contain; amongst the displays are photographs of the Scottish landscape—portraits of the country itself.

First opened in 1889, Sir Robert Rowand Anderson’s red sandstone building was gifted to the nation by John Ritchie Findlay, then-owner of The Scotsman newspaper and, a well-known philanthropist. The original cost of construction between 1885 and 1890 is estimated at over 70,000 pounds sterling. Up until 1954, the building also housed the Society of Antiquaries of Scotland who moved to the National Museum of Scotland buildings on Chambers Street. The society’s original meeting table now sits in the public part of the portrait gallery’s library, stared down on by an array of busts and phrenological artefacts.

Wikinewsie Brian McNeil, with other members of the press, received a guided tour of the gallery last Monday from Deputy Director Nicola Kalinsky. What Kalinsky described as an introduction to the gallery that previously took around 40 minutes, now takes in excess of an hour-and-a-half; with little in the way of questions asked, a more inquisitive tour group could readily take well over two hours to be guided round the seventeen exhibitions currently housed in the gallery.

A substantial amount of the 60% additional exhibition space is readily apparent on the ground floor. On your left as you enter the gallery is the newly-fitted giant glass elevator, and the “Hot Scots” photographic portrait gallery. This exhibit is intended to show well-known Scottish faces, and will change over time as people fall out of favour, and others take their place. A substantial number of the people now being highlighted are current, and recent, cast members from the BBC’s Doctor Who series.

The new elevator (left) is the most visible change to improve disabled access to the gallery. Prior to the renovation work, access was only ‘on request’ through staff using a wooden ramp to allow wheelchair access. The entire Queen Street front of the building is reworked with sloping access in addition to the original steps. Whilst a lift was previously available within the gallery, it was only large enough for two people; when used for a wheelchair, it was so cramped that any disabled person’s helper had to go up or down separately from them.

The gallery expects that the renovation work will see visitor numbers double from before the 2009 closure to around 300,000 each year. As with many of Edinburgh’s museums and galleries, access is free to the public.

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The expected significant increase in numbers has seen them working closely with the National Museum of Scotland, which was itself reopened earlier this year after extensive refurbishment work; improved access for wheelchair users also makes it far easier for mothers with baby buggies to access the gallery – prompting more thought on issues as seemingly small as nappy-changing – as Patricia Convery, the gallery’s Head of Press, told Wikinews, a great deal of thought went into the practicalities of increased visitor numbers, and what is needed to ensure as many visitors as possible have a good experience at the gallery.

Press access to the gallery on Monday was from around 11:30am, with refreshments and an opportunity to catch some of the staff in the Grand Hall before a brief welcoming introduction to the refurbished gallery given by John Leighton, director of the National Galleries of Scotland. Centre-stage in the Grand Hall is a statue of Robert Burns built with funds raised from around the British Empire and intended for his memorial situated on Edinburgh’s Calton Hill.

The ambulatories surrounding the Grand Hall give the space a cathedral-like feel, with numerous busts – predominantly of Scottish figures – looking in on the tiled floor. The east corner holds a plaque commemorating the gallery’s reopening, next to a far more ornate memorial to John Ritchie Findlay, who not only funded and commissioned the building’s construction, but masterminded all aspects of the then-new home for the national collection.

Split into two groups, members of the press toured with gallery Director James Holloway, and Nicola Kalinsky, Deputy Director. Wikinews’ McNeil joined Kalinsky’s group, first visiting The Contemporary Scotland Gallery. This ground-floor gallery currently houses two exhibits, first being the Hot Scots display of photographic portraits of well-known Scottish figures from film, television, and music. Centre-stage in this exhibit is the newly-acquired Albert Watson portrait of Sir Sean Connery. James McAvoy, Armando Iannucci, playwright John Byrne, and Dr Who actress Karen Gillan also feature in the 18-photograph display.

The second exhibit in the Contemporary gallery, flanked by the new educational facilities, is the Missing exhibit. This is a video installation by Graham Fagen, and deals with the issue of missing persons. The installation was first shown during the National Theatre of Scotland’s staging of Andrew O’Hagan’s play, The Missing. Amongst the images displayed in Fagen’s video exhibit are clips from the deprived Sighthill and Wester-Hailes areas of Edinburgh, including footage of empty play-areas and footbridges across larger roads that sub-divide the areas.

With the only other facilities on the ground floor being the education suite, reception/information desk, cafe and the gallery’s shop, Wikinews’ McNeil proceeded with the rest of Kalinsky’s tour group to the top floor of the gallery, all easily fitting into the large glass hydraulic elevator.

The top (2nd) floor of the building is now divided into ten galleries, with the larger spaces having had lowered, false ceilings removed, and adjustable ceiling blinds installed to allow a degree of control over the amount of natural light let in. The architects and building contractors responsible for the renovation work were required, for one side of the building, to recreate previously-removed skylights by duplicating those they refurbished on the other. Kalinsky, at one point, highlighted a constructed-from-scratch new sandstone door frame; indistinguishable from the building’s original fittings, she remarked that the building workers had taken “a real interest” in the vision for the gallery.

The tour group were first shown the Citizens of the World gallery, currently hosting an 18th century Enlightenment-themed display which focuses on the works of David Hume and Allan Ramsay. Alongside the most significant 18th century items from the National Portrait Gallery’s collection, are some of the 133 new loans for the opening displays. For previous visitors to the gallery, one other notable change is underfoot; previously carpeted, the original parquet floors of the museum have been polished and varnished, and there is little to indicate it is over 120 years since the flooring was originally laid.

Throughout many of the upper-floor displays, the gallery has placed more light-sensitive works in wall-mounted cabinets and pull-out drawers. Akin to rummaging through the drawers and cupboards of a strange house, a wealth of items – many previously never displayed – are now accessible by the public. Commenting on the larger, featured oils, Deputy Director Kalinsky stressed that centuries-old portraits displayed in the naturally-lit upper exhibitions had not been restored for the opening; focus groups touring the gallery during the renovation had queried this, and the visibly bright colours are actually the consequence of displaying the works in natural light, not costly and risky restoration of the paintings.

There are four other large galleries on the top floor. Reformation to Revolution is an exhibition covering the transition from an absolute Catholic monarchy through to the 1688 revolution. Items on-display include some of the Scottish National Portrait Gallery’s most famous items – including Mary Queen of Scots and The Execution of Charles I. The portrait-based depiction of this historical age is complemented with prints, medals, and miniatures from the period.

Imagining Power is a Jacobite-themed exhibition, one which looks at the sometime-romanticised Stuart dynasty. The Gallery owns the most extensive collection of such material in the world; the portraiture that includes Flora MacDonald and Prince Charles Edward Stuart is complemented by glassware from the period which is on-loan from the Drambuie Liqueur Company which Kalinsky remarked upon as the only way Scots from the period could celebrate the deposed monarchy – toasting The King over the Water in appropriately engraved glasses.

On the other side of the upper floor, the two main naturally-lit exhibitions are The Age of Improvement, and Playing for Scotland. The first of these looks at societal changes through the 18th and 19th centuries, including Nasmyth’s 1787 portrait of the young Robert Burns and – well-known to past visitors to the portrait gallery – Raeburn’s 1822 depiction of Sir Walter Scott. These are complemented with some of the National Gallery’s collection of landscapes and earliest scenes from Scottish industry.

Playing for Scotland takes a look at the development of modern sports in the 19th century; migration from countryside to cities dramatically increased participation in sporting activities, and standardised rules were laid down for many modern sports. This exhibition covers Scotland’s four national sports – curling, shinty, golf, and bowls – and includes some interesting photographic images, such as those of early strong-men, which show how more leisure time increased people’s involvement in sporting activities.

Next to the Reformation to Revolution gallery is A Survey of Scotland. Largely composed of works on-loan from the National Library of Scotland, this showcase of John Slezer’s work which led to the 1693 publication of Theatrum Scotiae also includes some of the important early landscape paintings in the national collection.

The work of Scotland’s first portrait painter, the Aberdeen-born George Jamesone, takes up the other of the smaller exhibits on the east side of the refurbished building. As the first-ever dedicated display of Jamesone’s work, his imaginary heroic portraits of Robert the Bruce and Sir William Wallace are included.

On the west side of the building, the two smaller galleries currently house the Close Encounters and Out of the Shadow exhibits. Close Encounters is an extensive collection of the Glasgow slums photographic work of Thomas Annan. Few people are visible in the black and white images of the slums, making what were squalid conditions appear more romantic than the actual conditions of living in them.

The Out of the Shadow exhibit takes a look at the role of women in 19th century Scotland, showing them moving forward and becoming more recognisable individuals. The exceptions to the rules of the time, known for their work as writers and artists, as-opposed to the perceived role of primary duties as wives and mothers, are showcased. Previously constrained to the domestic sphere and only featuring in portraits alongside men, those on-display are some of the people who laid the groundwork for the Suffrage movement.

The first floor of the newly-reopened building has four exhibits on one side, with the library and photographic gallery on the other. The wood-lined library was moved, in its entirety, from elsewhere in the building and is divided into two parts. In the main public part, the original table from the Society of Antiquaries sits centred and surrounded by glass-fronted cabinets of reference books. Visible, but closed to public access, is the research area. Apart from a slight smell of wood glue, there was little to indicate to the tour group that the entire room had been moved from elsewhere in the building.

The War at Sea exhibit, a collaboration with the Imperial War Museum, showcases the work of official war artist John Lavery. His paintings are on-display, complemented by photographs of the women who worked in British factories throughout the First World War. Just visible from the windows of this gallery is the Firth of Forth where much of the naval action in the war took place. Situated in the corner of the room is a remote-controlled ‘periscope’ which allows visitors a clearer view of the Forth as-seen from the roof of the building.

Sir Patrick Geddes, best-known for his work on urban planning, is cited as one of the key influencers of the Scottish Renaissance Movement which serves as a starting point for The Modern Scot exhibit. A new look at the visual aspects of the movement, and a renewal of Scottish Nationalist culture that began between the two World Wars, continuing into the late 20th century, sees works by William McCance, William Johnstone, and notable modernists on display.

Migration Stories is a mainly photographic exhibit, prominently featuring family portraits from the country’s 30,000-strong Pakistani community, and exploring migration into and out of Scotland. The gallery’s intent is to change the exhibit over time, taking a look at a range of aspects of Scottish identity and the influence on that from migration. In addition to the striking portraits of notable Scots-Pakistani family groups, Fragments of Love – by Pakistani-born filmmaker Sana Bilgrami – and Isabella T. McNair’s visual narration of a Scottish teacher in Lahore are currently on-display.

The adjacent Pioneers of Science exhibit has Ken Currie’s 2002 Three Oncologists as its most dramatic item. Focussing on Scotland’s reputation as a centre of scientific innovation, the model for James Clerk Maxwell’s statue in the city’s George Street sits alongside photographs from the Roslin Institute and a death mask of Dolly the sheep. Deputy Director Kalinsky, commented that Dolly had been an incredibly spoilt animal, often given sweets, and this was evident from her teeth when the death mask was taken.

Now open daily from 10am to 5pm, and with more of their collection visible than ever before, the Scottish National Portrait Gallery will change some of the smaller current exhibits after 12 to 18 months on display. The ground-floor information desk has available five mini-guides, or ‘trails’, which are thematic guides to specific display items. These are: The Secret Nature trail, The Catwalk Collection trail, The Situations Vacant trail, The Best Wee Nation & The World trail, and The Fur Coat an’ Nae Knickers Trail.

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Crosswords/2005/February/19

Saturday, February 19, 2005

Feel free to use the Wikimedia sites to solve our Wikinews crossword. Please do not fill it out online as it would spoil it for other people; print it out and fill it in at your own leisure!

< Previous crossword.
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Rheumatoid Arthritis, Diet As An Alternative Treatment

By Jonathan Mitchell

When you are diagnosed with rheumatoid arthritis you start of with medicine and treatments your doctor prescribes for you, some of these remedies will work for you while others have so many side effects that it is worse then the illness itself. usually it takes people one ore two years in the regular health care before they start looking for other remedies. A rheumatoid arthritis diet is one of these alternative remedies we want to inform you about.

Of course the symptoms vary, rheumatoid arthritis is a disease where people react totally different to the disease itself but also to the medicine. Some people have severe pains every day and others have mild pain but do have very inflamed joints. Also the way they react to medication can be completely different. Some really have very good results with the prescription drug their doctor gave them while others have severe side effects. All of this is because rheumatoid arthritis is an illness of the immune system and people have a tendency to react different to it.

Is rheumatoid arthritis diet an alternative to regular treatment?

[youtube]http://www.youtube.com/watch?v=gf3tdhUcRB4[/youtube]

People usually only start looking at alternatives when the regular treatment is not working or the side effects are to severe. A rheumatoid arthritis diet is such an alternative. There has always been much discussion about rheumatoid arthritis diets although you should not see it as a diet in the traditional sense. In fact it is just a list of foods that you should avoid and a list that most people have good results with. But just as with the regular treatments, rheumatoid arthritis diet is something you should experiment with a little. Regular doctors usually do not recommend a rheumatoid arthritis diet because they say it is never proved to be effective and everybody reacts different on it, they are right people do react different on it but they also react different on the regular prescription drugs. So that is a lousy argument especially when you know how many people are suffering from this disease.

It is a diet that you should discus with your doctor because the diet increases the intake of omega-3 fatty acids and as the name already said this can be an increasing of the total amount of fat. We say it can be, because if you look at the other recommendations fresh vegetables and fruits and the things you should avoid the total amount of fat can be much less than your regular diet depending on what you are eating right now. Fatty acids, omega-3, can be found in soybean oil, fish oil, walnuts, avocado oil, walnuts and canola oil.

This might seem like a large amount of fats but these fats are in the food you eat, fish oil can be eaten in many fatty fish like salmon and many other fish. And because you avoid fats from fried and processed foods you will probably eat less fat in total. you should also avoid alcohol and coffee

A healthy weight is also important

There is one aspect on a rheumatoid arthritis diet that your doctor would agree with, you have to become and stay on a healthy weight. So its is not the list of foods where there is an agreement about but the fact that with a good healthy weight your rheumatoid arthritis symptoms will be much less and that is a good thing to remember in a world with people who are getting more and more obese.

About the Author: Jonathan Mitchell knows from personal experience what it means to wake up with pain. On his blog he tells you about subjects ranging from

amazing arthritis medicine

to

symptoms of arthritis

and everything in between.

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US toy retail giant Toys R Us files for bankruptcy in US, Canada

Thursday, September 21, 2017

On Monday night, New Jersey, US-based toy retail giant Toys R Us filed for bankruptcy in the US as well as in Canada. The retailer filed it from Richmond, Virginia for Chapter 11 bankruptcy code in the US, and a judge allowed a loan of over US$2 billion.

According to the filing, the retail chain owns US$6.6 billion in assets, but has a debt of US$7.9 billion. They were under a roughly US$5 billion debt since the company underwent a three-way acquisition in 2005. Kohlberg Kravis Roberts, Bain Capital, and Vornado Realty Trust acquired Toys R Us for around US$7 to US$7.5 billion. After the US judge approved a loan, Toys R Us received about US$3 billion from the lenders to continue the business and survive a competitive market, and restructure their business model. E-commerce giant Amazon.com, Walmart and Target are some of the competitors for the conventional ‘brick and mortar’ toy shop, with lower priced-merchandise and fast, cheap delivery. In a conference call in June, CEO Dave Brandon said “very, very aggressive pricing online” was causing problems. He also said the company was experiencing “significant weakness in demand for their products globally”. Toys R Us are to clear a debt of US$400 million by May 2018.

Toys R Us said they would continue to operate for the holiday season. Bankruptcy lawyer Jeff Gleit said Toys R Us “need to do both a financial restructuring as well as an operational restructuring” and “needs to modernize with the times”. Last holiday season, Toys R Us made sales around US$4.5 billion. Overall, the company reported a US$29 million loss in 2016. CEO Brandon said, “Our objective is to work with our debt holders and other creditors to restructure the US$5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business”.

Toys R Us employs more than 60 thousand people in 38 countries around the world in more than 1600 stores. The company’s stocks fell by six percent after filing for Chapter 11 protection. US bankruptcy code Chapter 11 allows the company to restructure under a plan approved by the court. The company would also be shielded from creditors’ claims during the process. For the stores located in Canada, Toys R Us filed bankruptcy in Ontario and are to undergo reorganisation. However, 259 stores located outside the US or Canada will not undergo reorganisation, the company said.

Over 300 US-based retailers have filed for bankruptcy this year, and hundreds of stores closed.

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