Toys 'R' Us Wins Suit Against Amazon
theodp writes "Having prevailed in its bitter lawsuit against Amazon.com, Toys 'R' Us will create a new and independent Web site. A NJ judge found Amazon breached its agreement and ordered the two companies to sever their partnership Thursday. In a 131-page opinion, the judge termed Amazon's attempts to throw out e-mail evidence on the grounds that Internet communications lack reliability 'incomprehensible' and took a dim view of the testimony of some Amazon execs, including CEO Jeff Bezos' candor and 'rather childlike' explanations."
While looking for work a year ago, I attended a job search seminar - one of the persons I met there was a former executive at Toys R Us - he briefly summed up what killed the Toys R Us business model - Walmart.
Walmart simply sucked away any profit margins the Toys R Us Franchise once had - especially during the biggest toy buying season - Christmas.
According to him, going online with Amazon was a desparation move to gain some profitability back from Walmart - managed by Toys R Us execs who had not a clue about managing an online store.
"Let us raise a standard to which the wise and honest can repair" - George Washington