Unfair Chinese trade did it!
Yea, well if you knew anything about retail, you'd know that unfair Chinese trade IS part of the problem. Has to do with container lot inventory requirements, trademark and patent violations, exchange rate manipulation, unreliable quality control, etc.
Sometime you should take a business economics class at the local Community College. Well worth the time investment.
Unfair Chinese trade did it!
Actually, over leveraging through buyouts caused it. The investment bankers sold the notion that a sales increase plus efficiencies gained would pay for the buyout. In many cases it just did not work.