Articles Tagged ‘Toys ‘R’ Us’
As the international broadcasting reach of Spin Master’s first preschool series PAW Patrol continues to grow, the Toronto, Canada-based entertainment company is set to debut the hit property’s new toy line at Toys ‘R’ Us locations across Canada and online at toysrus.com on May 18.
Daniel Tiger’s Neighborhood, which airs on PBS KIDS in the US, will see more shelf space stateside this year with an expanded toy line at Toys ‘R’ Us, as well as product launches at Target, Kmart and Barnes & Noble.
At a presentation for analysts and investors yesterday, Antonio Urcelay, chairman of the board and CEO of Toys ‘R’ Us, along with company president Hank Mullany, outlined plans to transform the retailer’s core business in the wake of another round of disappointing quarterly results.
Increased big-box competition and decreased momentum for videogame sales, both at home and abroad, led to continued losses at global retailer Toys ‘R’ Us, which saw a 4% drop in US sales during its crucial holiday quarter of 2013.
“Market signals indicate that investors are very bearish on the prospects of Toys ”R’ Us,” says Jerry H. Tempelman, director of the capital markets research group at Moody’s Analytics. “There is concern in the market.” The toy retailing institution is on shaky ground as debt hovers and sales drop. Industry analysts like Tempelman agree it’s time for a TRU makeover.
Mega retailer Toys ‘R’ Us is gearing up for the US February 7 theatrical release of The Lego Movie by introducing all-new construction sets, branded special events and movie ticket promotions tied into the highly anticipated film.
Sales at US Toys ‘R’ Us stores declined 4.7 % over last year during the 2013 nine-week holiday period. However, overall December sales were still up slightly for the retailer.
Wayne, New Jersey-based retail giant Toys ‘R’ Us is feeling the sting of heightened competition from online rivals like Amazon as the toyco posted a third-quarter loss of US$605 million, compared to a loss of US$105 million a year ago.
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.