TheLegendaryWolf said:
It's been a multitude or problems yes, but I think it was inevitable since they didn't adapt well to the unfortunate trends and other bad decisions. |
That video puts it pretty well ... it's not all Amazon per se.
The group that took over Toys R' Us in 2005 did so by using a leveraged buy out which basically means they borrowed money to buy Toys R' Us (billions of dollars) and that money is actually debt that Toys R' Us carries, so their debt exploded astronomically for non-operating business reasons.
Yes trends are shifting, but it's really mainly that debt that is killing them, that they shouldn't have, it's not debt from bad business years, it's debt from someone that borrowed money to buy them (which to be honest IMO is shady).