I. Summary of Cases
A. FAO Schwarz
The 142-year-old toy company was forced to closed shop on that year after it declared bankruptcy twice in 2003. FAO Schwarz got into financial trouble after it could not keep up with the heavy price discounts offered on toys by Wal-Mart and Target. They were selling toys that were pricier than those also being sold by the two chain store giants. But the turnaround for the toy firm came when new management came in, making it possible for the reopening of its Manhattan and Las Vegas stores. The new owners attributed their success to ...
