Yeah?
Not how I heard it.
I understood Toys R Us died because...
1. Their demographic base was gone. No more baby boomers and millennials.
2. Amazon. Why pay more for at TRU, when online is the only way to buy these days?
3. Abortion. Ironic, huh? TRU supported Planned UNParenthood. A group devoted to fewer children. Fewer children (56 million fewer) must have had an awful cost to the toy industry.
Related to #2: Complete misunderstanding of online sales in the internet era. Their website was crap and borderline unusable for years and years; customers wanting to order a toy often gave up in disgust and went elsewhere. As their competition went increasingly online, TRU thought that opening more and more brick and mortar stores was the answer. Continuing to publish a printed catalog until IIRC just last year and devoting resources to it instead of moving it all online and devoting support there was another screw-up.