Go to: Section menu | Main menu | Footer | Top of Page


Headline News

 
Tweet

Toys 'R' Us struggles with holiday sales

Sales were better in the last five weeks and in the US

  • Key4Communications
10/01/2014

Toys 'R' Us reported a comparable store net sales increase of 1.8% in the US for the five-week period ended January 4, 2014. The learning, seasonal and core toy categories generated the strongest comparable store net sales growth. Internationally, comparable store net sales declined 1.1% for the same period. Australia, China and Southeast Asia experienced positive comparable store net sales growth, offset by softness in Japan, Canada and Europe.

Comparable store net sales for the nine-week period ended January 4, 2014 decreased 4.7% in the domestic segment and 3% in the international segment. The nine-week US comparable store net sales change is lower than the five-week change, due mainly to the late timing of Thanksgiving this year versus the prior year which partially benefitted the current year five-week period. Internationally, Australia, China and Southeast Asia also experienced growth but these results were again hindered by lower sales in Japan, Canada and Europe.

The company already reported a drop in sales for the third quarter and an increase in losses, due to tax expenditures and refinancing costs.

Share:  
  • La Tafanera
  • delicious
  • Facebook
  • Twitter
  • LinkedIn
 

Go to: Section menu | Main menu | Footer | Top of Page