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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
Feeling lucky? Employees of United Airlines weren't.On Monday, United quickly shelved plans to replace quarterly employee bonuses with a 0,000 lottery prize, after a stinging backlash from its workforce.The lottery, which the airline announced on Friday, would have paid 0,000 to one lucky employee selected at random, and smaller bonuses of ,000 or ,000 to about 1,300 more. Other employees would have gotten prizes including 50 vacation packages or 10 Mercedes.The overwhelming majority of United's 90,000 workers would have lost bonuses that paid up to ,500 over the course of the year."Our intention was to introduce a better, more exciting program, but we misjudged how these changes would be received by many of you," said Scott Kirby, president of United Continental, the holding company for the airline, in an email to employees. "We are pressing the pause button," he wrote.Experts on compensation and workplace culture said they had never heard of a company of United's size and stature trying this kind of lottery program."I really thought it was a joke when I first heard of it," said Tom Gimbel, founder and CEO of LaSalle Network, a national staffing and recruiting firm. "It's very amateurish."The backlash and reversal comes while United is negotiating a new union contract with its pilots. The union wasn't happy with the lottery."This just puts a bad taste in our mouths," said Roger Phillips, a United pilot and spokesman for the pilots union at the airline. 1497

Former Democratic National Committee interim chair Donna Brazile, in newly released excerpts of her forthcoming book, alleges that an unethical agreement was signed between Hillary Clinton's 2016 presidential campaign and the DNC to keep the party financially afloat.Bernie Sanders' 2016 campaign also signed its own joint fundraising agreement with the DNC.In excerpts from "Hacks: The Inside Story of the Break-ins and Breakdowns that Put Donald Trump in the White House,"?published in Politico, Brazile writes the DNC was rigged in Clinton's favor because her campaign was largely financing the party early on in the presidential election.Brazile's comments rip a scab off a wound that plagued the Democratic Party during last year's primary and charge the Clinton campaign with impropriety.The Democratic strategist said the agreement "was not illegal, but it sure looked unethical." 900
Former prisoners are helping former prisoners break in to college courses. The Urban Scholars Union is a relatively new organization created by ex-cons for ex-cons looking to better themselves through education. USU’s President Cesar Garcia said they started 18 months ago at San Diego City College to help “justice impacted” students succeed. “[We want to] empower them and motivate them to be productive members of society,” said Garcia. “We’re not monsters that they make us out to feel and make us out to be,” said San Diego City College student Ryan Rising. “We’re humans that made poor choices.” Rising spent 15 years behind bars for carjacking and attempted extortion but will matriculate to Cal Berkley on a scholarship after earning his Associate’s at City.“I’m super proud of myself,” he said. Garcia, who served seven years for a list of crimes, said the USU provides a space for former prisoners to get help, guidance, and support. The organization recently expanded to Southwestern College and is working on helping students at Mesa and Grossmont Colleges. USU also recently received its largest donation to date. Current prisoners at Donovan Correctional in Otay Mesa donated ,000 to USU for scholarships and grants for former prisoners. “It just goes to show you how we do look out for each other,” said Garcia. “We just need go out and advocate to erase all these stigmas,” said Rising. 1470
FREMONT, Calif. (KGTV) -- Tesla has decided to temporarily shut down production of the Model 3 for the second time in 2018, according to BuzzFeed.Production of the Model 3 will be on pause for four to five days in a move employees told BuzzFeed came without warning.Employees of the company will be expected to take vacation days or stay home without pay.RELATED: Tesla Model 3 on display in San Diego showroom A spokesperson said the assembly line is on pause to improve automation.In late February, Tesla shut down the Model 3 line in a move the company said was meant to increase output. The company added in February that such pauses are common. RELATED: Tesla recalling more than 100,000 Model S sedansThe company has struggled to meet production goals in the last six months. Musk said that the company would manufacture 2,500 cars per week by the end of the first quarter of 2018 but was only making 2,000 per week by April 1. 962
来源:资阳报