March 17, 2005 |
Toys R Us Inc. was expected Wednesday to weigh takeover offers from two investment groups and may soon decide whether to sell its struggling toy store chain and Babies R Us unit, sources familiar with the situation said. A decision by the retailer's board is expected by the end of the week, sources said. The company, however, could ask bidders to revise their offers again and negotiations could linger. Each offer is worth about $5.7 billion, the sources said.
August 3, 1986
A new California distribution center for Toys "R" Us, reportedly the world's largest toy specialty retailing chain, is nearing completion on a 12.7-acre site in Irwindale. The $9-million facility at 5793 Martin Road is located in a redevelopment area of that community and is being financed by industrial development bonds. The building is a tilt-up structure with a pre-cast concrete mezzanine that will serve both as an office area and as an elevated storage facility.
November 28, 2004 |
Pepper spray was released inside an elevator at Toys R Us' crowded flagship store, sending at least three people to the hospital and leaving others with irritated eyes, fire and police spokesmen said. Police were reviewing video camera footage to find out who discharged the spray at the toy chain's Times Square store during the busy shopping weekend. The store was not evacuated, and within a few hours it was packed with shoppers who were unaware of the incident.
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.
January 3, 1986 |
Despite lackluster and disappointing Christmas sales, Toys 'R' Us, the nation's largest toy seller, said Thursday that it expects record earnings for the year. Wall Street, however, reacted negatively to the news, driving the price of the company's stock down $1.75 a share. In its traditional letter to shareholders, Rochelle Park, N.J.-based Toys 'R' Us reported that total sales between Nov. 4 and Dec. 29 rose 13.8% to $826 million from $726 million a year ago. Sales for the 11 months ended Dec.
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.