MBS089 - Michael Van Straaten, CEO Verimark

Matt Brown Show - Conversations That Power The Business World. · Nov 26, 2017 · 45m

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Hey guys, so today I want to talk to you about Toys R Us. In 2012, they were a $12 billion company with a massive retail network of 1600 stores. In September 2017 – that’s just last month – they went bankrupt. In fact, Toys R Us is just 1 of over 300 retail brands have filed for chapter 11 bankruptcy in the past 9 months alone. So, how does a $12 billion a year company go bankrupt in just 5 years? Well, there are several factors in play ranging from crippling debt, a consumer which is moving to the online shopping space and perhaps most obvious is a distinct lack of…