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Don't blame Amazon for the death of Toys "R" Us.It's true, online shopping didn't help matters, but the struggles of Toys "R" Us predate the boom in online shopping. Many of its wounds were self-inflicted.The company's biggest problem: It was saddled with billions of dollars in debt. That debt stopped it from making the necessary investment in stores. And that meant an unpleasant shopping experience that doomed the chain. The company told employees Wednesday that it would close or sell its US stores after 70 years in business."If you're going to have that breadth of inventory, you need someone in the store to help you find it, help you experience it," said Greg Portell, lead partner at retail consultant A.T. Kearney. "It's hard to sell toys in a cold, warehouse environment."Even Toys "R" Us CEO David Brandon conceded in an SEC filing last fall that the company had fallen behind competitors "on various fronts, including with regard to general upkeep and the condition of our stores."Toys "R" Us' debt problems date back to well before Amazon was a major threat. Its debt was downgraded to junk bond status in January of 2005, at a time when Amazon's sales were just 4% of their current level.A year later the company was taken private by KKR, Bain Capital and real estate firm Vornado. The .6 billion purchase left it with .3 billion in debt secured by its assets and it never really recovered.The toy store faced several other big challenges at about the same time. There was the rise of big box retailers like Walmart, which now dwarfs Toys "R" Us in total toy sales. Last year toymakers Mattel and Hasbro each sold about billion worth of their toys at Walmart, more than twice as much as what they sold through Toys "R" Us. Target sold just about as many of their as Toys "R" Us last year.And like most retailers, Toys R Us also lost sales to online rivals such as Amazon that offered lower prices and quick shipping.But much of the chain's resources were devoted to paying off that massive debt load rather than staying competitive.When Toys "R" Us filed for bankruptcy in September 2017, it disclosed it had about billion in debt and was spending about 0 million a year just to service that debt.That burden crowded out critical strategic priorities, like making its stores a nice place to shop and paying employees.Tell us: How will you remember Toys 'R' Us?Brandon said in a filing last fall that the bankruptcy process would allow it to invest million in its stores. The company hoped to add playrooms where kids could try out toys and spaces for birthday parties, but it never got the chance.Brandon also vowed to spend more money on staff. With extremely low unemployment, competitors like Walmart are raising wages, while Toys 'R' Us was having trouble attracting the kind of help it needed. It said last fall it would spend million from 2018 to 2021 to raise starting wages and to reward and keep its most effective employees."Better employees make for happier customers," Brandon said in the filing.Despite sharply declining sales, Toys "R" Us was also extremely late to the game in closing stores. At the time of its bankruptcy filing, the chain had 1,697 stores -- more than it had ever had.In January, it announced plans to shut 182 US stores. Last month it filed for the equivalent of bankruptcy for its UK operations, where it had 105 locations. On Wednesday, hours before announcing the decision to close its US operations, it said it would close the last 75 UK stores.But the closings in recent weeks were far too little, too late. And as a result, now all of US stores will close, and probably most foreign stores as well.The-CNN-Wire 3698

During the week as results were being compiled, a number of international leaders were careful not to speak out on Tuesday's presidential election. Now that President-Elect Joe Biden has been projected to win the election, leaders across the world have sent their congratulations to Biden, who will take office on January 20, 2021.“On behalf of the Government of Canada, I congratulate Joe Biden and Kamala Harris on their election as the next President and Vice President of the United States of America,” Canadian Prime Minister Justin Trudeau said.“Canada and the United States enjoy an extraordinary relationship – one that is unique on the world stage. Our shared geography, common interests, deep personal connections, and strong economic ties make us close friends, partners, and allies. We will further build on this foundation as we continue to keep our people safe and healthy from the impacts of the global COVID-19 pandemic, and work to advance peace and inclusion, economic prosperity, and climate action around the world.”UK Prime Minister Boris Johnson, someone generally seen as an ally of President Donald Trump, sent this tweet: 1154

EL CAJON, Calif. (KGTV) - Boy Scout Troop 363 has been meeting at the Elks Lodge off West Washington in El Cajon for about 35 years: as long as they’ve stored two trailers in their parking lot. One of the trailers is used to store all of their equipment for their monthly camping trips. The other, a trailer full of supplies for their annual Christmas Tree Fundraiser held in November. In June, their camping gear trailer was stolen out of the lot. They went to check the surveillance cameras in the area.Troop Committee Treasurer Julia Flood told 10News, “The one camera that's on this side of the building was cut."With no leads on who might have stolen the trailer, the Boy Scouts decided to collect personal camping gear to continue their trips. A few weeks later, the second trailer, stored in the same lot, was also stolen. The boys' main fundraiser, which raises close to ,000 annually, was their only hope to replace the stolen items the first time."Our hopes was that by the time we had our Christmas fundraiser we’d be able to recoup some of that loss, now they’ve taken our only means we had to try and recoup," said Flood.The Scouts set up a GoFundMe Page asking for ,000. They say that’s how much it will cost to replace both trailers and everything that was inside. In the meantime, they’re just hoping to raise part of that money so they can continue to hold their Christmas Tree Fundraiser a few weeks away."It’s a wonderful start for us so we can get back on our feet and move forward and continue to earn on our own,” Flood said.  1602

EAST COUNTY (CNS) - One person was killed and two people were seriously injured Saturday in a head-on collision in Dulzura, Cal Fire officials said.The collision happened at 6:35 a.m. on state Route 94 near Community Building Road, according to Cal Fire, with one victim taken to a hospital by air ambulance and another by ground ambulance.The California Highway Patrol said a vehicle went off the side of the road about 50 feet down an embankment and was totaled.Traffic on SR-94 was stopped in both directions for several hours while the accident was cleared and investigated. Traffic resumed in both directions at 11:30 a.m., according to Caltrans San Diego.FOLLOW TRAFFIC INCIDENTS, ROAD EVENTS, AND CONSTRUCTION AREAS IN OUR TRAFFIC MAPhttps://www.10news.com/traffic 779

EL CAJON, Calif. (KGTV) — Two people have been arrested after several leads from the El Cajon community led deputies to a stolen iron horse in Arizona.The metal sculpture depicting a horse was taken from Double S Tack and Feed in El Cajon on Oct. 2, but wasn't reported until 10 days later, according to the San Diego Sheriff's Department. Leads from several community members and businesses were "instrumental" in the investigation by providing surveillance footage, SDSO added.Investigators were eventually led to Arizona, where they say the stolen 300-pound sculpture was taken to a home in Golden Valley, Ariz.Percy Hill, 56, of Golden Valley, Ariz., and Rick Freeman, 62, of Lakeside, were both arrested for theft and booked into detention facilities in their respective areas, SDSO said.Rita Gallant, who owns the business, told 10News she purchased the horse about 15 years ago and that it has become something of a neighborhood icon.She's now coordinating with Arizona Law Enforcement to recover the iron horse. 1027