It is always disappointing when any business is forced to close because of competition. Big box stores do this to smaller retailers every day. And while Toys-R-Us seemed to be an unstoppable force, they have finally succumbed to online ordering and simplicity.
But if you think about it, when Toys-R-Us came into existence, imagine the number of “mom ‘n pop” toy stores that disappeared. Drug stores were taking toys off their shelves. Even department stores shrank or discontinued toy departments. Toys-R-Us caused a major dent in the toy industry and, in many cases, a monopoly.
But karma is a twin-edged sword that swings both ways. Remember, there is always a bigger fish in the sea. Someday Google and Amazon may find this to be true as well. So, before your mourn Toy-R-Us’ passing, remember that they are just as guilty of driving other businesses out of business. Karma can be unforgiving.
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Toys-R-Us was actually a victim of a leveraged buyout by a real estate investment firm and two private equity firms.
By all means let's further defang Dodd-Frank and allow Wall Street to continue sucking blood like the ticks they are, until Amazon and Walmart are our only choices.
Our government (both sides of the aisle) is not doing its job.