Toys R Us down during key Christmas period

US sales decrease 1.8 per cent on 2011; international sales down 3.5 per cent.
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Toys R Us has revealed its December sales - showing declines in both its domestic and international markets.

The firm said that the US domestic sector saw comparable store sales decrease by 1.8 per cent over 2011, with total sales down 1.9 per cent.

Meanwhile, internationally, Decemeber comparable store sales declined 3.5 per cent and total sales were down by 4.1 per cent. Strength in Canada, China and Southeast Asia was offset by economic weakness in Europe and Japan.

"We believe our December sales were impacted by softness in the overall markets for video games, electronics and toys, and by the uncertain economic environment in the US and abroad," said Jerry Storch, chairman and CEO at Toys R Us. "Our team focused on optimising margin, operating efficiently and managing inventories during a period when the market and competitive intensity offered constrained sales opportunities.

"Moving forward, we are committed to accelerating distinctive services for our customers both on the internet and in our stores, and to driving differentiation in our product assortment."

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