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Not all of them are going. Ours is staying put fortunately.
Quote from: Leave a Whisper on March 08, 2018, 04:01:19 PMNot all of them are going. Ours is staying put fortunately.... they haven't found a buyer and they are having no luck restructuring their debt ... this could turn into a complete and utter meltdown ... the closing of only 180 stores was a made grab at straws to try and make them more appealing to buyers ... read the article, it's not a good time for TRU ...i'm surprised it took this long ... crazy prices, horrible treatment of staff, horrible treatment of customers, etc etc
The downfall of Toys “R” Us can be traced back to a $7.5 billion leveraged buyout in 2005, when Bain Capital, KKR & Co. and Vornado Realty Trust loaded the company with debt. For years, the retailer was able to refinance its debt and delay a reckoning. But the emergence of online competitors, like Amazon.com Inc., weighed on results. The company’s massive interest payments also sucked up resources that could have gone toward technology and improving operations.