J.Crew is in danger of sinking under a $1.7 billion debt load.
The debt was mostly accumulated from a 2011 leveraged buyout, which took it private.
A similar thing happened with Toys R Us, which couldn’t sustain its debt load and eventually went bankrupt. Toys R Us closed its remaining US stores on June 29.
J.Crew is in danger of falling victim to a curse that has been haunting retail for years.
Though falling sales have plagued the chain for years, its biggest problem doesn’t seem to have anything to do with an inability to keep up with the latest trends.See the rest of the story at Business Insider
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‘Don’t ever grow up’: Toys R Us posts heartbreaking message on its last day of businessToys R Us will close all of its US stores by the end of Friday. Take a look back at what it was like in its heyday.Toys R Us will close all of its stores Friday
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