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USA Today: Amazon didn’t kill Toys R Us, greedy Wall Street profiteers did it

“Amazon didn’t kill Toys R Us, greedy Wall Street profiteers did it.”

YEP.

In summation, “In 2005, three Wall Street firms paid over $6 billion for the company, but only $1.2 billion came from their own pockets; the rest was borrowed. When Toys R Us was purchased, its new owners tethered that $5 billion of debt plus annual interest payments of $400 million to its neck.”

You can read more here at USA Today   and at the NYTimes.

Exit only. ;-(

Up to? LEGOs were 5% off, about 15% worse than their typical LEGO sale.

Not many diecasts left even at 10% off …

Though plenty of playsets & track sets – will check back when they get to 40% off …

 

 

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