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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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And for contrast:
How Best Buy survived the retail apocalypse
This part seemed particularly relevant:
Quote:
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Unlike Toys 'R' Us or Sears, which were both sunk by the debt foisted on them by massive leveraged buyouts, Best Buy was able to stay nimble. In fact, it's only gotten nimbler. Since 2012, Best Buy has actually cut its debt load in half and increased its cash on hand almost threefold. And while interest payments were gobbling up 4 percent of Toys 'R' Us' revenues before it went under, they only accounted for 0.2 percent of Best Buy's total sales. As rivals were being felled by balance sheets overloaded with debt, Best Buy was cleaning up its own.
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__________________
Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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