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Tough times for Toys ‘R’ Us

Stung by the spate of devastating toy recalls last fall, Wayne, New Jersey-based Toys 'R' Us reported a US$76 million loss in the third quarter of 2007.
December 20, 2007

Stung by the spate of devastating toy recalls last fall, Wayne, New Jersey-based Toys ‘R’ Us reported a US$76 million loss in the third quarter of 2007.

The loss is a stark contrast to the net profit of US$41 million that the retail giant posted for the same period in 2006.The results were released yesterday as the company gears up for what it hopes will be a bottom-line bolstering holiday season.

One bright spot is that TRU’s sales volume was up 9.7% from Q3 2006 to US$2.7 billion.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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