Toys 'R' Us files for bankruptcy protection in U.S

[Canada-Man]

 

[nntsci]

Sad... I used to love going to that store with my kids when they were younger (now they are adults).

 

[Prick]

Blame it on Amazon and Walmart.

 

[papasmerf]

Nature of the beast folks.

They had a good run.

 

[Pietro]

They had no competition. Poor management would be by opinion.

 

[papasmerf]

Who remembers FAO SCHWARZ???

 

[cristycurves]

They had no competition. Poor management would be by opinion.

I also was curious and found this...... Toys "R" bankruptcy: Why it went bust - CBS News

quote-One possible culprit, the explosion in online shopping also wreaking havoc on other big-box stores, is certainly a factor. But the spread of Amazon and other ecommerce players into every corner of the economy is only part of the answer, and not the main cause of Toys "R" Us' decline.

A bigger catalyst in the company's fall: its heavy debt load from a $6.6 billion leveraged buyout by private-equity firms Bain Capital and KKR & Co. in 2005. The deal -- touted by a KKR executive at the time as a chance to "make the stores a better place to shop and work" -- hobbled the company's ability to invest in ecommerce and new initiatives to help it compete with tech powerhouses like Amazon. Toys "R" Us said on Monday that the bankruptcy will allow it to restructure and "invest in long-term growth."

 

[LarryB]

Their top guys should've known the online shopping was going to take away from their walk in customers. There wasn't any vision on their part.