re: #148 KGxvi

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.

Same with JC Penney. Both had catalog sales and could have destroyed Amazon in the cradle, but both ignored online and distribution chain to their detriment.

Macy’s is trying to do the turn, and they might succeed. A lot of other companies aren’t going to hold up.