"Turn around" is Private Equity's codeword for robbery. It's like a "rescue" boat that spots a boat in distress and shows up to sell the troubled boat for scrap metal.

The high prices drove most of us away

She's from the generation that believed they'd get paid for hard work. The generations that came after all know we'll get paid peanuts for harder work than ever.

My childhood is gone...😢

Probably 90% of the things in my house came from Amazon.

"I'm from the generation from where hard work should pay off" - Well ... welcome to 2018 ... and say hi to digitalization & automatization (this will cost us a lot more jobs in the future....)

When you see companies like Walmart, Amazon, Taobao, Tmall and etc selling cheaper toys at such cheap prices online, would you want to visit the physical stores?

Toys were Us........................ Farewell iconic childhood nostalgia.

Market has changed due to the Internet. People buy clothes online. Kids play games on their phones and iPad instead of toys. They’re watching KZfaq over watching cartoons, and thus, with no one watching cartoons there are no toys to buy since toys historically are modeled after the shows kids watched. Times are changing and it’s just the natural state of capitalism: jobs disappear while other jobs are created (Seattle and SF are flourishing with thousands of high paying tech jobs).

they missed a huge opportunity to turn their stores in playgrounds. similar to chuckie cheese and/or legoworld or something involving sports. toy r us should have included a designated place for kids to play and eat.

High leveraged buyout... Saved you ten minutes...

Because of overpriced toys and not much variety.

Nice head wrap presenter.

R.I.P Toys R us T^T I'll forever miss you!

Don't say fam, you are not a teenager. It comes across like they you force to say it and its unnatural.

I love your show. Keep up

Did anyone else hear Bain Capital in this Bain Capital is what Mitt Romney was or is running

Executive pay is never scrutinized the same way as non managment. Executives cut labor pay and then take more than they saved in bonuses and pay increases for perpetuity. THEN executives blame labor for their failure.

I live in the Philippines. At the local mall the Toys are us is still open.

It makes me sad because by parents would always take me here when I was smaller but now I will never go again I wish we came here more often.

HARD WORK doesn't pay off it take away you're life span you wasted 10, 20, or 30 years of you're life away you should not work harder you should work SMARTER

I was working at Amazon when I heard Toy R Us closed their stores. I felt sad

Boomers: "I'm from the generation from where hard work should pay off" Also Boomers: "how dare you millennials want fair pay for hard work, stop being entitled."

Thank you very informative and easy to understand appreciate you having the guts to talk about this very brave of you which just makes your videos more interesting

Must think to that today's generation is worried about technology not physical toys

very good report

All the big box stores will be Amazon stores lol

It's a shame my future children will never know what it is like to walk into a Toys R Us store and I remember putting in job applications before the stores went bankrupt. I always wanted to work there.

High prices closed it , my daughter wanted a certain toy , it was £89.99 at toys r us , got it from eBay £62.99 free delivery so saves me time and fuel costs .

Thank you for the amazing news report. Imaeyen knocked it out of the park.

Wakanda forever.

What amazes me is that after these stores close, the local municipalities rarely receive property tax from the landowners until a new tenant (store) moves in... How is that a real thing? It's a similar problem with foreclosed homes. Once the bank takes your home, they can file to defer the property taxes for years. Often the back taxes are then tacked on to the sale of the property and to the new owner... who then files another deferment (or something like that) to reduce the owed tax amount. This is mind boggling! Whoever owns the land should pay the property taxes regardless of whether it is vacant or not.

Profits for their own sake wouldn't be so bad if a decent portion of those profits flowed back to the common good. But those profits do not. They are being heaped on the already rich who squirrel it away. Buying back stock (shrinking the pool of beneficiaries to profits) that inflate stock prices. Parking money in tax havens. A tiny portion of those profits flow into the pockets of politicians to keep twisting rules in favor of corporations. Laws which crush unions with "right to work". Tax cuts to corporations and rich. Slashing social services. They are digging their own hole. Trump is a symptom of the anger that could have swept Bernie Sanders into the White House had the DNC not put their thumb on the scale for Clinton. Trump is not a champion of people as the attacks on the ACA and massive tax cuts attest to. The young voters are not so easily fooled and are demanding progressive candidates. If they are denied there will be a revolution. If you thought Trump was an angry gnome prepare for a whole generation whom the establishment has been trying to ignore.

I have been a part of the Marine Corps Toys for Tots organization for twenty five years now. Toys Ur Us was one of our number one sponsors donating well over 16 Millions dollars to Toys for Tots. Other customers who would buy toys would put a toy or toys in the box. Without Toys R Us, this year Toys for Tots will be hurting and children's who count on this organization would get nothing for Christmas, Thank You Wall Street for being so greedy.

Mid 90s changed store layout. .. got rid of many items. .. that was the end.. Hardly any customer after that

Canadian toys r us is going strong !

It 2020 but still I miss you Toys Rus R.I.P

R. I. P my kids :(

AJ+ asking the most important question of our time

Video and sound not in sync.

So a company makes bad investments and saddles up debt. It’s market share is shrinking and their prices are no longer competitive. An equity company purchases it and tries to save it (they make WAY more money if they’re able to turn the company around) they aren’t able to save it and try to cut their losses the best they can. Bankruptcy is filed and now they can only do what is allowed by law. Including putting the name up for sale. For which no one would purchase because it’s not long term profitable if you also have to purchase their debt. Somehow, the PE firm is totally evil? Crazy stuff, retail is gone as we know it. New stores will rise with better ideas of how to compete it today’s environment. This has been happening since the beginning of time. As long as people have a choice of what to purchase and companies have freedom to make decisions.

I can't complain about big box stores being closed especially mall type retailers they don't really contribute much to the local economy. Where smaller retailers (Main St type retailers) contribute more to economy with more local content. It's the shift of our economy thank heavens we need to move from this one store does all having many specialty stores. Theres more outlets for tax revenue for all levels of government, higher employment rates, and more of a community feel to the retail centers of towns. So I say let the big box retailers die.. I hope to live to see the Waltons go bankrupt and Walmart at least under chapter 11 protection

I got the job from them in 2016 it was my first long-term job. I was trying to leave after they cut my hours then they announced they were closing all stores.

Thomas and Friends at.4:54

OPEN TOYS R US!!!

This is what happens when you leave your fate to a company and rely on just one income source. If you work for someone else, learn a skill, start your own business and don’t let a company or wall street decide for you or your family. Personally, starting my own business was the best decision I’ve ever made.

Nah it’s because their shit was overpriced so no one bought from them.

Why do the banks co-finance these LBOs when they know the private equity firms are just gonna declare bankruptcy?

Whats that

toys R Us is closed too in the UK But luckily its open in other country

I'm sad they couldn't find a way to make it.

There's still toys r us in our country?

I don't want grow up I want be a toy r us kid 😢😢😢😢😢

is it weird that i remember the lady y'all interviewed in this????? i'm from north carolina and i went to that durham toys r us a lot as a kid. her face is just familiar to me and i think i've seen her there before. i have lots of good memories of that store too...

I use to do my back to school shopping here

We still have Toys R Us here in the Philippines

Because of Amazon and Walmart

Its no longer an american company, toys r us have been bought by a Canadian company, so this means its a canadian toys store now

Amazon, WHYYYYY!!!!!!! 😩😩😩😩

What’s bankrupt “??

I have a lot memories in that store

Durham, NC !

It’s not amazon fault you can not keep the selfs stock of the product that sales so why go to a store if you have to wait to get something just order it on line

A sports what?

My poor beloved Toys R Us...😢

R.I.P my childhood it was my life

Unfortunately it isn't going to be open again.

Very sad!

That place was my childhood

Aren't we all from generations where hard work should pay off? What generation shouldn't reap the rewards of their labor?

One, day we will not have money

My first job

I think it is still alive in Saudi Arabia...If you are Saudi correct me

We still have stores in Kuwait!

R.I.P childhood

You know Microsoft, and Android and Target and Walmart. eBay, and Samsung, Linux and Amazon... But do you recallllll... the one to blame for this all?

ya

I wonder if Mitt Robme bought another 4-car garage with his share of the money?

Toys "R" Us is still alive in Canada: www.toysrus.ca

Private Equity is the problem. K-Mart/Sears are next, thanks to ESL Investments. Mark my words, they're the new corporate raiders.

Kids don't play with toys anymore, that's why toys r us went out of business

Same thing happened to me. Cerberus Capital Management bought the retail company I worked for, worked us to death to make it profitable, then sold us to the competition for a profit. The new company wanted their own people so everyone lost their job. I keep an eye on what the company I work for now does. If we're ever sold off to private equity, I'll put in my two weeks. The only good news is jobs are EVERYWHERE. Believe it or not, the workers do have power...but only to find another job. Wage growth and benefits are still stagnant. If you're wondering how on Earth that's happening, I have two words for you. Civil oligarchy.

I miss them

It's called filing for bankruptcy we do this all time we either sold our business are we take and change the name of our business it's filing for bankruptcy are what we take dicide to do for whatever reason

;-; R.I.P my childhood.

400 Million of Interest?? that's crazy

Can we address something tho real quick? how many of us, people my age are basically working for free because of student loan debt?....perspective.

Am I the only one that feels like this feels like a dateline episode

The end of my childhood

Nooo

I hope you looked up the "bane " financial group. For they played a huge issue in toys r us down fall

I am not sure why there is so much hate in private equity. first of all, the Private Equity couldn't get hold of the business if it wasn't failing, most failing companies goes private, hopefully for a turnaround. When turnaround effort doesn't seem to be possible, the firm then savage all it can for its investors which seems to be the right thing to do. If it was your money, you wouldn't want someone continue to pay out checks to people while not making money yourself. The company that took toy r us have made some good success with other acquisition that eventually turned it around and is now profitable. just google and do some research. no Private Equity can last forever if all it do is repackage and sell at a loss, they have to be able to turnaround some companies in order to find investors for buyout. So it's wrong to say that Private Equity makes money even if business fails and etc, all these people see is "oh, they sold store for $xx" but they all seems to forgot toys r us were bought out at nearly $7B, that money didn't drop from the sky....

But we still have toys r u in Canada.

Adding a cost can break the bank.

i uesd to get all my toys it didnt close i egypt

Someone in family worked at the first Toys r us 🙁🙁🙁🙁🙁

rip toys r us :(

the same exact thing is happening to sears. kiss it good by

My dad closed it he works for Gorden Brothers

Playmate is replacing ToyRus