Basically, the company had to pay for its own buyout when private equity firms KKL, Vornado, and Bain bought the company for $6.6 billion, mostly with loans.
Because the company then had to pay off those extreme loans, they were forced to sell off their assets and property, which they leased back from the very private equity firms that now owned them.
The same thing happened more recently with Red Lobster and JoAnn Fabrics.
My first ever job as a high school kid was stocking the shelves at Toys R Us; I have found memories of that place, and those people to this day.
Fuck Mitt Romney, I will never forgive him for this treachery.