News

Toys ‘R’ Us posts gains in 2008 and Q4 performance

The last year has been tough for many retailers, but Toys 'R' Us emerged from the economic downturn with some positive results, reporting net earnings of US$218 million as compared to US$153 in the 2007 fiscal year.
April 8, 2009

The last year has been tough for many retailers, but Toys ‘R’ Us emerged from the economic downturn with some positive results, reporting net earnings of US$218 million as compared to US$153 in the 2007 fiscal year.

Fourth-quarter results were also up a tick to US$345 million versus US$312 million from the same period in 2007, and fiscal 2008 net sales were down slightly from US$13.794 billion in fiscal 2007 to US$13.724.

Chairman and CEO Jerry Storch remarked that part of the sales momentum came out of the integration of the toys and baby business led by the 19 R Superstores that it opened in the US, with 53 side-by-side TRU and BRU stores with more to make the Superstore conversion. TRU also acquired eToys.com, babyuniverse.com, ePregnancy.com, and Toys.com in the same period.

About The Author

Menu

Brand Menu