March 15, 2002 |
Toys R Us Inc., the No. 1 U.S. toy retailer, said its quarterly profit rose before charges as it raced to close unprofitable stores and reduce business expenses to offset the effect of sluggish sales and competition. The company, which in January announced plans to shut 64 stores and cut 1,900 jobs, said operating earnings in the fourth quarter ended Feb. 2 rose 13% to $284 million, or $1.39 a share, from $251 million, or $1.23 a share, a year earlier. Sales were flat at $4.8 billion.
May 14, 2002 |
Toys R Us Inc., the No. 2 U.S. toy retailer, said it will post a narrower fiscal first-quarter loss after the company reduced costs and shoppers bought more toys at remodeled stores. The loss in the period ended May 4 was as little as 2 cents a share, less than the year-earlier loss of 9 cents, the toy seller said. The retailer was expected to lose 9 cents, the average estimate of analysts polled by Thomson Financial/First Call.
July 14, 2001 |
Toys R Us Inc., the No. 1 U.S. toy chain, said its second-quarter and full-year profit will fall short of Wall Street forecasts, sapped by the slowing economy and spending to remodel stores. The profit warning sent the toy retailer's shares tumbling nearly 11%, after a delayed opening on the New York Stock Exchange. The stock recovered to close down 35 cents at $24.80. The Paramus, N.J.
January 12, 1994 |
Toys R Us Inc. said Tuesday that it will franchise new stores in the Middle East and open 115 more company-owned stores in other regions in its most ambitious expansion to date. The world's largest children's specialty retailer also said it will buy back up to $1 billion in company stock over the next few years. The stock closed at $38.75 a share Tuesday, up 50 cents on the New York Stock Exchange.
March 12, 1998 |
Toys R Us Inc. said fiscal fourth-quarter earnings fell 2.6% because the toy retailer was forced to mark down prices to compete with discount stores. Profit for the quarter ended Jan. 31 slipped to $378 million, or $1.32 a diluted share, from $383 million, or $1.37, a year ago. Sales rose 7%, to $4.98 billion from $4.67 billion. Per-share earnings beat by a penny the average estimate of analysts surveyed by IBES International Inc.
March 11, 1999 |
Toys R Us Inc. said its operating profit fell 15% in the fiscal fourth quarter to $323 million, or $1.28 a share, but that exceeds analyst expectations of $1.20 a share. The leading toy retailer struggled amid weakness in the toy industry worldwide, with few blockbuster items to pull consumers into stores. The company also faced tough competition from discount retailers and falling prices for video games.
October 4, 2011 |
Toys R Us Inc. is expanding its layaway program and offering special Bill Me Later finance plans to help consumers budget for the holidays. The nation's largest toy chain, which in 2009 launched a layaway program on big-ticket items such as bikes and later added other eligible categories, said that beginning Oct. 15 it would offer layaway on nearly all playthings in 450 of about 600 Toys R Us stores nationwide. Toys R Us President Neil Friedman said the retailer hoped the program's expansion would help parents reserve their gifts "early in the season when selection is best.
September 15, 2009 |
With Christmas just a few months away, Toys R Us Inc. is boosting its holiday lineup with hundreds of new toy shops. The toy giant is expected to announce plans today to open about 350 Holiday Express toy locations throughout the country by early October in an effort to drive sales and grab market share from other toy sellers. The expansion includes more than 80 pop-up stores in shopping centers nationwide and more than 260 toy shops within the company's Babies R Us stores.
November 12, 2012 |
Toys R Us will open its doors to Black Friday shoppers at 8 p.m. Thanksgiving, an hour earlier than last year, joining the crowd of retailers launching door busters barely after turkey dinners are finished. Black Friday -- the day after Thanksgiving -- has traditionally been the kickoff to the holiday shopping season, but opening times have been creeping earlier as retailers seek to get a jump on the competition. Toys R Us will launch door-buster deals at the same time as rivals Wal-Mart Stores Inc. and Sears Holdings Corp.
September 10, 2012 |
We tackled the new Toys R Us tablet on Monday's KTLA-TV Consumer Confidential segment. The $150 device is intended for littles ones, but it's hard to see how it's all that different from grown-up gadgets. And at $150, why not just go for a new Kindle Fire instead? We also named the Internet's most dangerous cyber-celebrity, and announced that JC Penney will offer free haircuts for kids every Sunday, beginning Nov. 4.