Quote:
Originally Posted by Deskisamess
Some of the financial sites have good articles about their demise. The signs were there years ago, but they waited too long to try and fix it. Huge stores, high overhead, high prices, lousy customer support...
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And very high debt imposed by private equity consortium that acquired them in 2005. They had already been losing market share for twenty years. I'm surprised KKR and Bain hung onto it for so long, they should have stripped it soon after they bought it, and wound it up then.
BR