Bad cust service & merchandising, lack of inventory. Huge debt cripples any chance for improvement. BK no surprise
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They opened Toys R us, Babies R us, but now they Broke R us
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They failed to integrate new technologies to keep up with the changing economy, need to adapt to survive. Embrace ecommerce and survive
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Not only sell more of what sells, sell for less sell more and make more
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that's what private equity basically does. buy with heavy leverage and repaying the enormous debt load through a series of asset sales
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All they really had to do was market better, better inventory controls (more of what sells, less of what didn't) & better store experience.
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They should have pushed Elsa, Legos, Star Wars and electronics, but most of the time you didn't even know they sold electronics
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More carnage from the NAFTA TREASON.
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NAFTA helped Toys R Us by letting them import cheap toys from Mexico and sell them at a higher margin
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Disgraceful.
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What's disgraceful? A company stuck in the 20th century went bankrupt in the 21st
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This is a shame but with the retail industry changing we need to adapt quicker.
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Am I understanding this? They acquired a huge amount of debt that they didn't need to?
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They were trying invest in themselves to innovate so they could become competitive again. It didn't work
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