Now that Toys R Us" is closing down for good, should we blame Trump too ? 🎁

Maybe. Toys R Us use to be the biggest seller of toys in the world. Now that is not the case anymore. ☺ Look, the truth is that times have changed. And we all know about how much this current generation of children are more into the latest cell phone, or tablet, more so than they are
into toys. Kids need to be mentally stimulated nowadays, and toys may be a bit bland for some of them for sure. The euphoria only lasts for a few days, and then it quickly goes unnoticed.
Corporate greed has taken over now, and if you are an underperforming business you will eventually be history. The competition is very tight now with places like Wal Mart, and Amazon. What can you do ? Should we blame Donald Trump for this loss. ☺

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Niburu · 51-55, M

The laws/rules allowing venture capitalists to saddle the company they're buying with the loan debt they've taken on for said purchase is what kills businesses already on the edge like Toys'R Us.

Crazywaterspring · 61-69, M

@Niburu Bain Capital?

Niburu · 51-55, M

@Crazywaterspring I believe they were one of the groups involved

[quote]An unaffordable burden was caused by a $6.6 billion leveraged buy-out in 2005 by Bain, KKR and Vornado. [/quote]

https://www.forbes.com/sites/walterloeb/2018/03/19/bain-capital-sees-three-investments-stumble-toys-r-us-guitar-center-and-iheartmedia/#2ed6e3ec6b7b

hlpflwthat · M

@Crazywaterspring Bingo.

Niburu · 51-55, M

@hlpflwthat it's kinda hard to innovate, experiment, etc... when you're trying to pay off 6.6 billion dollars, it would have been decades upon decades before they cleared that

hlpflwthat · M

@Niburu True enough. But PE firms are rarely able to do that sort of thing in the first place.