Articles Tagged ‘Toys ‘R’ Us’
Toys ‘R’ Us acting chief Antonio Urcelay has officially been named CEO of the New Jersey-based mega retailer as it gears up for the crucial holiday season. Meanwhile, retail exec Hank Mullany has been named president of TRU’s American operations, effective November 5.
Skylanders Swap Force, the latest installment to Activision’s US$1.5 billion gaming franchise, is making its long-anticipated debut next week and Toys ‘R’ Us is marking the occasion with a selection of exclusive merchandise and branded events.
The holidays can’t come soon enough for Toys ‘R’ Us. After posting a 6.9% drop in sales during its second quarter, the New Jersey-based mega retailer is banking more than ever on the highly competitive holiday months ahead, and in doing so the company has revealed its annual Holiday Hot Toy List.
A continued slope in domestic and foreign sales has contributed to mega retailer Toys ‘R’ Us’ decision to withdraw its proposed initial public offering. The move comes amid the company’s latest financial report that saw fourth-quarter holiday sales fall roughly 3% to US$5.8 billion.