Toys R Us to close all 800 of its U.S. stores - The Washington Post🔒 www.washingtonpost.com
Large amounts of debt, and declining brand value.
“The liquidation of Toys R Us is the unfortunate but inevitable conclusion of a retailer that lost its way,” Neil Saunders, managing director of the research firm GlobalData Retail, wrote in an email. “Even during recent store closeouts, Toys R Us failed to create any sense of excitement. The brand lost relevance, customers and ultimately sales.”
Probably the $7.9 billion in debt was impossible to get around.📌 Posted on March 14, 2018