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by JumpCrisscross 2933 days ago
> they could've spent some time losing money while they pivot to a new business strategy

There is zero evidence, in the history of Toys 'R' Us or their failed competitors, that another strategy would have worked. More likely? It would have limped along until the next recession. In any case, I see no reason to blame capital structure when a simpler explanation abounds: Amazon taught people to buy toys online.