2,390
online users
thotties       tv/movies       gaming       gear       tech       guap       rides       eats       health       bxwf       misc

Sep 22 - Toys R Us — crushed by debt — files for bankruptcy



more
ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT



section  1   0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook
 

section news
  

 6 years ago '16        #1
3832 page views
0 comments


Player2 
avatar
Props total: 59066 59 K  Slaps total: 24362 24 K
Sep 22 - Toys R Us — crushed by debt — files for bankruptcy
 

 

Toy store chain Toys R Us filed for bankruptcy Monday night after struggling for years to pay down billions of dollars in debt and remain relevant in an era of online shopping.

Toys R Us been spiraling toward bankruptcy for years as it failed to keep up with competitors. Analysts cited many reasons for the company’s demise: Lousy in-store customer service, a second-rate website and prices that are often higher than at many of its big-box competitors. Add to that piles of mounting debt — much of it dating to a 2005 leveraged buyout — and it was clear, many said, that the 60-year-old brand was in trouble.

“When you’re cursed with all this debt, there’s no way you can grow or invest or compete anymore,” said Howard Davidowitz, a retail consultant who worked with Toys ‘R’ Us in the 1980s and 1990s. “Now they’re running up and down the halls trying to pick up the pieces, but there’s no way around it: This is a very bad situation.”
 https://www.washingtonpos .. =.76ab09e70472



icon
best
icon
worst
0 comments

say something...

ADVERTISEMENT
Sign me up
 
 

yesterday...


most viewed right now
props+4112
Video inside This is Janet Jackson. She will be 58 this year 💋
68 comments
1 day ago
@hiphop
most viewed right now
9
Birdman and slim pull up to a drake j cole concert
21 comments
23 hours ago
@hiphop
most viewed right now
props+336
Post A Moment That Finished An Artist Career
286 comments
1 day ago
@hiphop
most viewed right now
props-204
Video inside Mar 16 - Trump: if I don't get elected it's going to be a bloodbath
758 comments
2 days ago
@news
back to top