Articles Tagged ‘Toys ‘R’ Us’
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.
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.