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For years, Toys "R" Us was an American success story.Now the discount toy retailer is in its final chapter. The company filed for bankruptcy in September. On Wednesday, Toys "R" Us told employees that it would close or sell all its stores in the United States.It's an ignominious end for the company that was once the toy industry's powerhouse. In the second half of the 20th century, just after the Baby Boom, Toys "R" Us grew into a dominant retail chain thanks to its low prices and a knack for keeping the nation's hottest toys in stock."Toys 'R' Us, Big Kid on the Block, Won't Stop Growing," a Wall Street Journal headline blared in 1988.It all started in 1948, when Charles Lazarus, age 25, opened a baby furniture store called Children's Bargain Town in Washington, D.C. He knew Americans returning from World War II were starting families and needed somewhere to stock up on nursery decor.But before long, Lazarus discovered that the real money was not in cribs, but in toys.Toys break, or go out of fashion — which means parents need to go to the store more often, Toys "R" Us explains in its online company history.In 1957, Lazarus opened his first store stocked only with toys. It was modeled after a supermarket, with items stocked high on shelves and a wide assortment of choices. He named it Toys "R" Us — with a backwards "R" in the logo that was supposed to look it it was drawn by a kid.The mainstays of the iconic Toys "R" Us marketing campaigns emerged over the next two decade. Dr. G. Raffe, which had been used to advertise Children's Bargain Town, became "Geoffrey."In a Washington Post ad from 1970, an eager Geoffrey touted "super giraffic selections" inside "super giraffic stores!" Geoffrey made his first TV appearance in 1973. The "I don't want to grow up" jingle made its debut in the early 1980s.In the meantime, Toys "R" Us was booming.The company went public in 1978 after the bankruptcy of onetime parent Interstate Stores. It quickly became a Wall Street favorite. In 1980, the Los Angeles Times called Toys 'R' Us "one of the New York Stock Exchange's hottest stocks.""What we are is a supermarket for toys," Lazarus told the Washington Post in 1981. "We don't have a competitor in variety. There is none."The Washington Post story favorably compared Toys "R" Us to another American giant: McDonald's."Like McDonald's, with its regimented service and standardized burgers and fries, Toys 'R' Us has become an American institution," the article said.Toys 'R' Us was also known in the corporate world for its sophisticated use of computers."One thing that sets the Toys 'R' Us operation apart is that Mr. Lazarus knows precisely what his customers are buying," a 1985 Wall Street Journal article said. "Each product is tracked by computer, and that helps the chain spot hot-selling items weeks before most competitors do."Lazarus also kept his stores stocked with a variety of baby products, like diapers and formula, so shoppers would have a reason to shop year-round.Things started to go awry in the 1990s. In 1994, Lazarus stepped down as CEO. But the biggest change came when Walmart started offering lower prices on diapers, according to toy industry analyst Jim Silver.While Toys "R" Us remained a destination during the holidays, it lost regular shoppers during the rest of the year."That changed everything," Silver said.In 2001, Toys "R" Us opened a flagship store in Times Square, complete with a 60-foot Ferris wheel and a life-size Barbie dollhouse, in order to juice enthusiasm. But the costs were "astronomical," Silver said.On shaky ground, Toys "R" Us was taken private by a group of private equity firms in 2005. Bain Capital, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust bought the company for .6 billion.Saddled with debt, the store was not able to pour enough money into necessary, innovative changes. By the time Amazon ruled the online shopping ecosystem, Toys "R" Us was lightyears behind — despite an early partnership with Amazon in 2000. The agreement to jointly sell toys online ultimately went sour and ended after a court fight."Walmart had a better online experience. Target had a better online experience," Silver said. "They lost online and they didn't adapt."In 2015, Toys "R" Us closed its Times Square mega-store. It was the beginning of the end.A dismal 2017 holiday season was the death knell. Toys "R" Us will run out of cash in the United States in May 2018, according to a recent bankruptcy filing."Everything is up for sale," Toys "R" Us CEO David Brandon told employees on a conference call earlier this week. 4609

Four walls and a roof aren't always enough to keep the weather out, Morning View, Kentucky resident Sierra Chitwood discovered Tuesday night. She was washing her hair when a tree in the yard smashed through the ceiling to join her in the shower."I didn't have time to react," she said. "When I opened up the curtain, the mirror fell and shattered, so I had to step around the glass. … I had to run, throw on a shirt and run out of the room because I didn't know if it was going to fall any more."Chitwood's family members said the impact rocked their entire home, knocking items off of shelves. A neighbor, Patty Bray, said the storm absconded with her entire roof. 678

Frankie Kipp started the Blackfeet Nation Boxing Club in 2003 for a simple reason. He wanted to teach vulnerable people on the reservation, especially women and young girls, to defend themselves.After years of working as a probation officer, he was tired of bearing witness to tragedy after tragedy. Kipp was a successful amateur boxer in his youth and connected the two sides of his life with the club. Next week, Kipp’s life work and his pupils will be recognized on the big screen. The club will be featured in a documentary called “Blackfeet Boxing: Not Invisible”, set to air Tuesday, June 30 at 7:30 p.m. ET on ESPN.“I started seeing girls getting bullied,” Kipp said from his home in Browning, Montana. “And several in their 20s wanted to learn how to take up for themselves because they were getting abused. We start hearing about young ladies getting taken from Indian country. And so I started training my daughter and I told her if something happens, at least you're going to know how to fight for your life.”Over the past 20 years, Kipp has trained more than 500 boxers on the reservation, and he’s seen positive effects in his charges and in the community.“Some of the girls that come into the boxing club have really low self-esteem. And the confidence they get from boxing is just phenomenal,” Kipp said. “But I don’t train bullies. I tell all the boxers to go to authority figures first if someone is threatening them. But let them know that you box for Blackfeet Nation and that you won’t let anyone hit you. You will fight back.”“It was emotional a sense that, I was a probation officer prior and I put a lot of things upstairs in my head, unpleasant things,” Kipp said. “I had to talk several people out of suicide, kids as young as 8 years old wanted to kill themselves. The documentary had brought a lot of memories back up. There were a few that were real unpleasant that made me break down during the interview.”‘Blackfeet Boxing: Not Invisible’, directed by Kristen Lappas and Tom Rinaldi, is a film about fighting — for respect, identity and acknowledgment.The documentary, which has already screened at several film festivals, paints the gym against the backdrop of stories like that of Ashley Loring-Heavyrunner and several other Missing and Murdered Indigenous Women. Kipp hopes the large audience will help spread awareness to the silent epidemic.“I think it would raise awareness, not just on our reservation but most of the Indian nations. This is what's happening, people are coming up missing,” Kipp said. “We have unsolved murders. It’s crazy some of the things that we see. I do think that it's going to bring up some awareness with that.”There are no scorecards or knockouts for many of the boxers on the Blackfeet Reservation. Their prize is survival.Kipp: "If you don't fight for your life, you won't have a life."This story originally reported by Tom Wylie on ktvq.com. 2916

Forget about drones and armies of people driving Amazon trucks. One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.Morgan Stanley analyst Ravi Shanker said in a report Tuesday that both delivery giants could lose 10% of their revenue to Amazon Air by 2025. Shanker cut his price targets on UPS (UPS) and FedEx (FDX) and both stocks plunged more than 6% as a result.It was a particularly gruesome day for transportation stocks due to worries about the broader economy and confusion about the status of US-China trade talks.The Dow Jones Transportation Average, which includes FedEx and UPS as well as leading airlines, truckers and railroads, fell 4.4% -- its worst drop since June 2016.But Shanker paints a picture that should be extremely worrisome to UPS and FedEx.He notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.That's bad news for both companies since Shanker said that UPS and FedEx each generate nearly 20% of their overall revenue from US air deliveries.Amazon has made big investments to bulk up Amazon Air. In the past few years, it has bought stakes in two freight delivery airlines -- Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings (AAWW).It also announced plans to invest .5 billion in order to build an Amazon Air hub on more than 900 acres of land that it is leasing near the Cincinnati/Northern Kentucky International Airport. Amazon bought an additional 210 acres earlier this year.There's a simple reason why Amazon will want to handle more of its own air deliveries. According to Shanker, Amazon could save between billion and billion next year. That works out to about 3% to 6% of its global shipping costs.But on a day when the broader market was tanking, investors didn't seem too enthusiastic about Shanker's thoughts on Amazon either. Shares of Amazon fell nearly 6%. 2113

First he got down on one knee, then he was sent scrambling on his hands and knees.New York police are looking for a happy couple who were victims of an unhappy accident. The man popped the question in the middle of Times Square, police said, and then lost hold of the engagement ring."WANTED for dropping his fiancée's ring in Times Square! She said Yes- but he was so excited that he dropped the ring in a grate," the NYPD News tweeted Saturday. " ... Officers rescued it & would like to return it to the happy couple."The video shows the man dropping down to the New York City street to try and rescue the ring. But no luck. 638

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