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Retailing

November 15, 1994|From Times Staff and Wire Reports

Toys R Us Income Up 26%: The world's largest toy store retailer also said its third-quarter sales rose 13%, due largely to continued expansion. Toys R Us Inc. said it earned $47.4 million, or 17 cents a share, in the three months ended Oct. 29, compared to a profit of $37.5 million, or 13 cents a share, in the same period a year ago. Sales rose to $1.63 billion from $1.45 billion. The third-quarter increase can also be attributed to strong sales of basic toy merchandise and the success of the October Pre-Holiday Bonus Book, Chief Executive Michael Goldstein said.

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