this post was submitted on 26 Sep 2024
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Lemmy Shitpost

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[–] [email protected] 5 points 2 months ago (1 children)

This is why I'm so angry that billionaires managed to convince people there are companies that are "too big to fail".

Our tax dollars have been used to prop up private companies.

Yet it couldn't save toys r us?

[–] [email protected] 2 points 2 months ago

Yet it couldn't save toys r us?

Nope. Because Toys R Us was murdered by an investment firm.

[–] [email protected] 5 points 2 months ago* (last edited 2 months ago)

Portugal still has multiple very successful Toys R Us stores, most of them more than 20 years old at this point

[–] [email protected] 5 points 2 months ago* (last edited 2 months ago)

Empires bought by investment groups that fire all the employees, sell all the assets, and over leverage on too much debt till bankruptcy.

[–] [email protected] 4 points 2 months ago* (last edited 2 months ago)

There's still a Blockbuster sign up by the freeway near where I used to live. There wasn't a Blockbuster there even when I moved there 10 years ago.

[–] [email protected] 4 points 2 months ago

I actually worked at the second to last block busters. It was sad like having a job inside a dying person. Every month it was a new gimmick to get people back. But still fewer and fewer people showed up. You could feel the end coming.

[–] specialseaweed 3 points 2 months ago

Circuit City was great until it wasn’t.

Sucks.

[–] [email protected] 3 points 2 months ago (13 children)

Why did Best Buy survive buy Circuit City went under? They were basically the same thing, so what did they do differently?

[–] [email protected] 3 points 2 months ago

I think it's a Highlander scenario, there can only be one.

[–] [email protected] 2 points 2 months ago

As someone that shopped at both, but preferred Circuit City, I think Best Buy initially did a better job of "wowing" customers and had a better store layout. They also were better at trying to squeeze money out of people and thus were more profitable than Circuit City, so when times got leaner they survived and then had the whole market.

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[–] [email protected] 3 points 2 months ago
[–] [email protected] 2 points 2 months ago

K-Mart needs to be added to this

[–] [email protected] 2 points 2 months ago

pour one down for Fry’s

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