A report today from various news sources (we’ve chosen to look at BusinessInsider.com) tells us that Toys’R’Us is spending a lot more money than it has been earning over the last fiscal year – to the point of $400 million dollars more – and has hired a law firm to help consolidate its debt while considering the option of filing for bankruptcy protection.

This is not the first time the retail toy store has dealt with financial woes – in 2003 the company closed 180 stores across the country.

Toys’R’Us blames a large portion of their current losses not to a failing toy industry but to losses from its Babies’R’Us sister store, which saw over a 3.0% decline in year over year sales and a massive drop in diaper purchases as consumers can find cheaper deals for their infant and toddler necessities online. Either way, if Toys’R’Us shuts down more stores or ends up going out of business altogether, fans of Power Rangers wonder what the future of the Legacy toy line may be.

With the release of the Power Rangers Movie failing to meet expectations, the movie toy line warming shelves in stores, and the Power Rangers Ninja Steel toy line already hitting clearance prices across the country, having the biggest partner of the franchise possibly go under is not something to keep one optimistic about a future of increasingly expensive Power Rangers collector items.

We should know more about this on September 26th when the next earnings report is due to be made public. With the hiring of a private law firm to work on consolidating debt, we assume the report will be dismal at best. Stay tuned for more news on the future of Toys’R’Us.