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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsToys R Us could file for bankruptcy in just weeks
http://www.scotsman.com/news/toys-r-us-could-file-for-bankruptcy-in-just-weeks-1-4563718
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Toys R Us could file for bankruptcy in just weeks (Original Post)
shenmue
Sep 2017
OP
leftofcool
(19,460 posts)1. Cheap shit made in China not selling well?
JHB
(37,132 posts)4. Not well enough to leave a profit after paying for Romney's car elevator...
...and dancing horse, and all the other people who loaded it with over 7 billion in debt.
Not Ruth
(3,613 posts)2. I cannot remember the last time that I went to one
Amazon gets all my business
JHB
(37,132 posts)3. Leveraged buyout kills more jobs
Much of the toy merchants debt is the legacy of a $7.5 billion leveraged buyout in 2005 in which Bain Capital, KKR & Co. and Vornado Realty Trust loaded the company with debt to take it private. Since then, the Wayne, New Jersey-based chain has struggled to dig itself out.
https://www.bloomberg.com/news/articles/2017-09-19/toys-r-us-files-for-bankruptcy-crushed-by-online-competitionProfessorGAC
(64,425 posts)5. This Is Bad Around Here
There is a big Toys R Us warehouse about 12 miles north of here. That's a lot of jobs.
crazycatlady
(4,492 posts)6. I hope they survive
(I have nieces to spoil). There's something to be said about browsing in a store to find something as opposed to going to Amazon. The latter is great if you know what you want, but way too many items to casually browse.
I've found some of my nieces' best birthday/Christmas gifts by casually browsing. THings I would not have found online.