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.
Publish date:

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. 


Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.