March 29 at 1:12 p.m.
Filed under:
Government
By Reuters
A Toys R Us in Denver. (Reuters/Rick Wilking)
Privately-held Toys R Us has agreed to pay a $1.3 million penalty for violating a 1998 order that barred it from pushing suppliers to refuse to sell to competitors or from urging limits to those sales, the Federal Trade Commission said Tuesday.
The FTC said in a complaint that Toys R Us subsidiary Babies R Us had asked suppliers what they were charging discounters and complained to them about discounts that other retailers were giving consumers, the FTC said. Get the full story »
March 4 at 5:17 p.m.
Filed under:
Earnings,
Retail
By Dow Jones Newswires
Toys “R” Us Inc.’s fiscal fourth-quarter profit slid 15 percent due to a higher income-tax expense, which offset the toy retailer’s improved sales and margins.
On Friday, Chairman and Chief Executive Jerry Storch said the company has made investments throughout the year to drive growth, including the expansion of the e-commerce business internationally and increased levels of service in the company’s stores. Get the full story »
Dec. 3, 2010 at 7:59 a.m.
Filed under:
Work culture
By Associated Press
Police say a man who was fired from a warehouse that handles shipments for Toys “R” Us returned and fatally shot a co-worker. Police Chief Ralph Portier says in a statement that Donald Damron died at a hospital after the shooting late Thursday in Groveport, a Columbus suburb. Get the full story »
Nov. 29, 2010 at 1:33 p.m.
Filed under:
Retail
By CNN
Online shoppers turned out in force on Cyber Monday — the day after a strong holiday shopping weekend — with a retail group predicting a 10 percent increase over last year.
Merchant Web sites drew 1,333,336 global page visits per minute during the noon ET hour, according to e-commerce tracking company Akamai. While that was a solid number, it was actually a little below the noontime peak of 1,337,601 page visits per minute globally three days earlier, on Black Friday, which is supposed to be the big day for traditional stores.
Get the full story »
Sep. 21, 2010 at 1:03 p.m.
Filed under:
Retail
By McClatchy Tribune Newspapers
Memo to Santa, from Jerry Storch and his team of executive elves at Toys R’ Us headquarters in Wayne, N.J.: Here are the toys we’re betting you will see on lots of kids’ lists this year.
Toys R’ Us on Tuesday released its annual list of hot holiday toys. The retailer selected three dozen toys it expects will be popular this year, and named 15 of those as the hottest of the bunch. Get the full story »
Sep. 9, 2010 at 7:07 a.m.
Filed under:
Retail
By Reuters
U.S. retailer Toys R Us, which has filed for an initial public offering, said it plans to open about 600 temporary stores in malls and shopping centers nationwide, doubling the number of store locations for the holiday season.
The world’s largest dedicated toy retailer, which currently has 587 full-size Toys“R”Us stores in the United States, said the Toys“R”Us Express store openings will create about 10,000 jobs. Get the full story »
