Matthew Townsend

Tears ‘R’ Us: The World’s Biggest Toy Store Didn’t Have to Die

It’s easy to assume that the decline of Toys “R” Us, which closed all its stores in the US and UK earlier this year, was inevitable. Wasn’t it just the latest chain retailer to lose the price and convenience war with Amazon, Target, and Walmart? This Businessweek story delves deep into the company’s history and filings to determine that financial mismanagement was the actual culprit. The reporting is dense, but accessible, and explains exactly how debt — both the amount Toys “R” Us borrowed and the way it was structured – triggered the demise of this iconic company.