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Baby Superstore Inc

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BUSINESS
October 3, 1996 | From Associated Press
Toys R Us Inc., the nation's leading toy retailer, took a major step in expanding its fledgling Babies R Us division Wednesday with a $376-million deal to acquire the country's largest chain of infant product stores. The Paramus, N.J.-based company said it will acquire Baby Superstore Inc. of Duncan, S.C., in a stock swap subject to regulatory and shareholder approval.
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BUSINESS
October 3, 1996 | From Associated Press
Toys R Us Inc., the nation's leading toy retailer, took a major step in expanding its fledgling Babies R Us division Wednesday with a $376-million deal to acquire the country's largest chain of infant product stores. The Paramus, N.J.-based company said it will acquire Baby Superstore Inc. of Duncan, S.C., in a stock swap subject to regulatory and shareholder approval.
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BUSINESS
February 28, 1996 | Times Staff and Wire Reports
Baby Superstore Details Cash Overstatement: Baby Superstore Inc. said the overstatement of its cash balances for the fiscal year ended Jan. 31 could reduce earnings for the year by about $2.5 million. But the company said the overstatements will not affect its 1996 expansion plans or its operations in general. The Duncan, S.C.-based retailer said the maximum total of the shortfall was about $3.9 million, resulting in a maximum reduction in net income of $2.5 million. The company earned $7.
BUSINESS
February 28, 1996 | Times Staff and Wire Reports
Baby Superstore Details Cash Overstatement: Baby Superstore Inc. said the overstatement of its cash balances for the fiscal year ended Jan. 31 could reduce earnings for the year by about $2.5 million. But the company said the overstatements will not affect its 1996 expansion plans or its operations in general. The Duncan, S.C.-based retailer said the maximum total of the shortfall was about $3.9 million, resulting in a maximum reduction in net income of $2.5 million. The company earned $7.
BUSINESS
September 28, 1994 | From Bloomberg Business News
Shares of Baby Superstore Inc., dubbed "the Toys R Us of the baby industry" by one analyst, more than doubled in their first day of trading. The company's shares soared 93% to $34.75 as investors embraced a company they believe is poised to capitalize on growing demand for baby products from parents who are more affluent but have less time to shop. The shares traded as high as $38, an increase of 111% from the $18 that the initial public offering of about 2.7 million shares was priced at Monday.
BUSINESS
September 28, 1994 | From Bloomberg Business News
Shares of Baby Superstore Inc., dubbed "the Toys R Us of the baby industry" by one analyst, more than doubled in their first day of trading. The company's shares soared 93% to $34.75 as investors embraced a company they believe is poised to capitalize on growing demand for baby products from parents who are more affluent but have less time to shop. The shares traded as high as $38, an increase of 111% from the $18 that the initial public offering of about 2.7 million shares was priced at Monday.
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