Toys R Us hit by fourth consecutive UK profit drop

Pre-tax profits for the year ending February 1st, 2014 fell 24 per cent to £4.55m.
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Toys R Us has recorded a fourth consecutive profit drop in the UK.

RetailWeek reports that pre-tax profits for the year ending February 1st, 2014 for the retail giant fell 24 per cent to £4.55m.

Toys R Us experienced a net operating loss of £5.2m during the year, down from an operating profit of £10.78m for the year before.

In the prior financial year, pre-tax profits fell by almost 50 per cent from £11.44m to £5.98m.

The retailer's turnover has also been hit by a drop, with sales down 7 per cent from £461m to £428m year on year. 

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