The Real Reason Toys "R" Us Is Going Under
Toys 'R' Us is going out of business. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below. http://www.tytnetwork.com/join Read more...
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SO YOU HAVE HEARD THAT TOYS "R" US HAVE GONE BANKRUPT. THEY'RE GOING TO CLOSE ALL THEIR STORES IN THE U.S. AND YOU MIGHT HAVE HEARD DIFFERENT REASONS FOR THAT BUT YOU PROBABLY DIDN'T HEAR THE MOST IMPORTANT ONE SO THAT'S WHAT I WANTED TO SHARE WITH YOU TODAY. CNN EXPLAINS: IS IT MARKET REASONS? YOU'VE GOT AMAZON CAUSING TROUBLES OBVIOUSLY FOR THE RETAIL INDUSTRY, YOU'VE GOT OTHER COMPETITORS. LET'S FIND OUT. THEY WERE HAVING PROBLEMS BEFORE AMAZON BECAME THE GOLIATH THEY ARE NOW. IT'S ABOUT TO GET WORSE FOR THEM. WAS IT THE DEBT, OR WAS IT OTHER ISSUES AND BY THE WAY, THEIR DEAL WITH THE KUSHNER FAMILY IS IN REGARD TO BUILDINGS IN NEW YORK CITY, NOT RELATED TO TOYS "R" US TO BE CLEAR. WHAT WAS THE BIG...
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SO YOU HAVE HEARD THAT TOYS "R" US HAVE GONE BANKRUPT. THEY'RE GOING TO CLOSE ALL THEIR STORES IN THE U.S. AND YOU MIGHT HAVE HEARD DIFFERENT REASONS FOR THAT BUT YOU PROBABLY DIDN'T HEAR THE MOST IMPORTANT ONE SO THAT'S WHAT I WANTED TO SHARE WITH YOU TODAY. CNN EXPLAINS: IS IT MARKET REASONS? YOU'VE GOT AMAZON CAUSING TROUBLES OBVIOUSLY FOR THE RETAIL INDUSTRY, YOU'VE GOT OTHER COMPETITORS. LET'S FIND OUT. THEY WERE HAVING PROBLEMS BEFORE AMAZON BECAME THE GOLIATH THEY ARE NOW. IT'S ABOUT TO GET WORSE FOR THEM. WAS IT THE DEBT, OR WAS IT OTHER ISSUES AND BY THE WAY, THEIR DEAL WITH THE KUSHNER FAMILY IS IN REGARD TO BUILDINGS IN NEW YORK CITY, NOT RELATED TO TOYS "R" US TO BE CLEAR. WHAT WAS THE BIG...
