read an article on CNN that said the closure is their own fault and had very little to do with Amazon and online sales.
like H&L said, they spend so much money servicing debt that they neglected stores and paid their staff poorly.
really too bad, but to be honest, other than getting a few items at babies r' us when preparing for my child, I never shopped there.
http://money.cnn.com/2018/03/15/news...ame/index.html
Even Toys "R" Us CEO David Brandon conceded in an SEC filing last fall that the company had fallen behind competitors "on various fronts, including with regard to general upkeep and the condition of our stores."
much of the chain's resources were devoted to paying off massive debt load rather than staying competitive. When Toys "R" Us filed for bankruptcy in September 2017, it disclosed it had about $5 billion in debt and was spending about $400 million a year just to service that debt.
That burden crowded out critical strategic priorities, like making its stores a nice place to shop and paying employees
Despite sharply declining sales, Toys "R" Us was also extremely late to the game in closing stores. At the time of its bankruptcy filing, the chain had 1,697 stores -- more than it had ever had.
All Toys R Us American Stores are Closing
