re: #130 JordanRules
Well this is really foul. Really Toys R Us?
[Embedded content]
Toys R Us is going under because vulture capitalists, including Bain Capital, bought the company using debt financing, overcharged for “management services” and left the company highly leveraged making it impossible for the company to adapt to changing consumer habits, including online shopping.
On a side note, I still don’t understand how Sears wasn’t on the forefront of online shopping, that’s basically what the Sears Catalog was for about 100 years before the internet.