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I know the management was the problem, a huge thriving company doesn't just go under like this without some serious upper management problems.
The only management problem was the failure of the CEO, CFO and COO to maintain large cash reserves. Without large cash reserves, it is nearly impossible for a corporation to prevent a hostile take-over, leveraged buy-out or forced merger/acquisition.
Toys 'R' Us was unable to prevent KKR and Bain Capital from gaining control of Toys 'R' Us through stock purchases. Once they had control, KKR and Bain Capital buried Toys 'R' Us in debt, and Toys 'R' Us was never able to climb out of debt.
That, plus the fact that Toys 'R' Us couldn't respond to changing demographics -- today's children prefer electronic toys to traditional toys -- and couldn't respond to effectively to competition -- Toys 'R' Us was basically a show-room for other competitors, resulted in their demise.
Toys 'R' Us is done, and everyone needs to get over it.
The only management problem was the failure of the CEO, CFO and COO to maintain large cash reserves. Without large cash reserves, it is nearly impossible for a corporation to prevent a hostile take-over, leveraged buy-out or forced merger/acquisition.
Toys 'R' Us was unable to prevent KKR and Bain Capital from gaining control of Toys 'R' Us through stock purchases. Once they had control, KKR and Bain Capital buried Toys 'R' Us in debt, and Toys 'R' Us was never able to climb out of debt.
That, plus the fact that Toys 'R' Us couldn't respond to changing demographics -- today's children prefer electronic toys to traditional toys -- and couldn't respond to effectively to competition -- Toys 'R' Us was basically a show-room for other competitors, resulted in their demise.
Toys 'R' Us is done, and everyone needs to get over it.
Actually that describes pretty much all brick and mortar stores today. They are a place to go and look, then you go and order it online for less.
This is really pretty sad. You can't stop the demise of brick and mortar. You can slow it down a bit, but you can't stop it. This campaign is just a lot of wasted money. TRU is shutting down because they have no future and the management knows it. If there was anyway out, they would not shut down.
Actually that describes pretty much all brick and mortar stores today. They are a place to go and look, then you go and order it online for less.
This is really pretty sad. You can't stop the demise of brick and mortar. You can slow it down a bit, but you can't stop it. This campaign is just a lot of wasted money. TRU is shutting down because they have no future and the management knows it. If there was anyway out, they would not shut down.
I remember when it was still a local chain with just a few stores. One was in Annapolis, and I always wanted to stop there when we'd pass, but if we were in Annapolis, it was for some other reason and I never got to go there. By the time one opened in Glen Burnie Mall, I was past their target age range. Some friends of mine, including my future wife, worked at that store for a while.
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