Toys R Us was struggling to pay on loans and lenders were pushing management of complete liquidation of the US business. The company is bankrupt and closing all 800 of its US stores. It’s partly digital competition – namely Amazon – and the company’s own inability to capture e-commerce dollars. Mismanagement is also to blame: Toys R Us is saddled with billions in debt. They were unable to get finances in order through months-long bankruptcy process. The debt was inherited from a 2005 buyout, as well as intense competition from Walmart and Target – made worse by disappointing holiday sales. While most retailers saw a boon from a perky holiday shopping season, Toys R Us faced what it called “operational missteps.”
PainterArt Premium Member about 6 years ago
weak
"It's the End of the World!!!" Premium Member about 6 years ago
Well, if Toys R Us did not charge more for the same toy I could get at Was-Mart or Target, or even in a mom and pop store they’d be doing better.
Take a walk down the Lego aisle there. They charge $5-$10 more for the exact same set.
Look at their prices for Hot Wheels or Matchbox cars. Charge 10 cents more per car. Not much, however that is a lot added up.
My local stores were always clean though, decent staff, nice selection. Just WAAAAAAAAY overpriced.
Mr. Blawt about 6 years ago
Toys R Us was struggling to pay on loans and lenders were pushing management of complete liquidation of the US business. The company is bankrupt and closing all 800 of its US stores. It’s partly digital competition – namely Amazon – and the company’s own inability to capture e-commerce dollars. Mismanagement is also to blame: Toys R Us is saddled with billions in debt. They were unable to get finances in order through months-long bankruptcy process. The debt was inherited from a 2005 buyout, as well as intense competition from Walmart and Target – made worse by disappointing holiday sales. While most retailers saw a boon from a perky holiday shopping season, Toys R Us faced what it called “operational missteps.”
Kip W about 6 years ago
Toys R Us was bought out and milked dry by Bain Capital. See also: Romney, Mitt.