>>10179191businesses can fail for a ton of reasons and we'll likely never find out why.
See pic? Profitable, yet is slowly going out of business because the owner doesn't like being a retailer and wants to sell the properties KMarts sits on.
Other example is TRU, which was hugely profitable and made billions a year, yet hadn't made a profit in a decade because of Bain Capital charging TRU for Bain Capital buying TRU. So despite making billions a year, TRU didn't make enough money to cover their buy out and was paying interest out the butthole. They owed so much money that even their bankrupcy couldn't pay off their debt, so the debt owners brought TRU despite no longer having merch to resell nor realestate to sell off. So TRU is being pimped out to whomever wants to sell toys with the TRU name as publicity.
See also, Frys, which was a regional electronics powerhouse. Competed and won against stores like Best Buy, Gamestop, CompUSA, Radioshack, Micro Centers, etc etc etc. Yet about a decade ago, the sons and daughters of the owner inhereted the company and just wanted cash moneys instead. So stores stopped paying distributors and laid out a consignment deal with random businesses until the leases ran out. Stores no longer carried the new products for 5 years, yet they still hired staff, who stood around empty shelves for close to a decade literally doing nothing.
Someone might spill the beans on what happened, just like these tales of interest.
