There is an awful lot of capital out there for financial buyers to acquire these types of companies.

Gap may run into more competition than they think.

You've got mass merchants who are expanding their toy space and using it to drive total store volume. These discounters are not worried about the margins they make on toys. How can you compete against that?

The hitting rock bottom theory is all very well. But it is probably possible to intervene earlier.

With the consolidation at retail, manufacturers are looking at how they can have more control over their business.

I have nothing against him. I just don't think a candidate should run unopposed especially for a position as important as this.