ADVERTISEMENT

The US is at risk of becoming a 'demographic time bomb' — and it may have contributed to Toys R Us' demise

In Toys R Us' most recent annual filing, it says that declining birth rates may have had an "adverse effect" on its business.

  • In the company's most recent annual filing, it cites declining birth rates as a threat to sales.
  • In the US,
ADVERTISEMENT

This week, Toys R Us officially filed liquidation papers. It will shutter or sell each of its 735 stores across the US.

The toy chain's sales have declined in recent years, largely due to competition from online retailers like Amazon, some

2017 marked a 118-year low for fertility and people are living longer than ever before —

ADVERTISEMENT

Recent societal trends could explain why more Americans are not having kids. Due to shifting views of gender roles, more women than ever before are entering the workforce and becoming moms later (if at all). In addition, increasingly choosing to forego parenting in an effort to rise in their careers, tackle Since 1990, the US teen pregnancy rate has also been falling, which the attributes to increased access to contraception and sex education.

Parenthood is now one of many paths women can take — which is good for gender equality but troubling for stores like Toys R Us.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

How SafeHamsters unlocks the potential of crypto betting| Insider Tips

How SafeHamsters unlocks the potential of crypto betting| Insider Tips

A look into the diverse tax reforms being implemented across Africa

A look into the diverse tax reforms being implemented across Africa

Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

China dethrones USA as the most influential global power in Africa: Report

China dethrones USA as the most influential global power in Africa: Report

Major African economies expecting inflation ease into next year, except Nigeria

Major African economies expecting inflation ease into next year, except Nigeria

10 African countries with the lowest price changes in household commodities

10 African countries with the lowest price changes in household commodities

Dangote refinery outranks Europe's 10 largest refining facilities

Dangote refinery outranks Europe's 10 largest refining facilities

Africa may just have the lowest level of cyber threats compared to other regions

Africa may just have the lowest level of cyber threats compared to other regions

A look into Kenya’s Shs1.1 billion climate funding from the UK

A look into Kenya’s Shs1.1 billion climate funding from the UK

ADVERTISEMENT