Toys R Us 'pleased with efforts to slow sales decline'

Mixed bag of results in toy giant's YTD financial results with net sales down domestically but international increase.
Author:
Publish date:
Social count:
0
toysrus.gif

Toys R Us Inc. is ‘pleased with its efforts to strengthen and transform’ its business as year-to-date results hint towards the toy giant’s return to form.

While its year-to-date comparable store net sales decreased by 0.3 per cent with comparable net sales for the holiday period decreasing by 2.7 per cent, gross margin has increased as a percentage of net sales.

In the US, the group reports the greatest increase in gross margin dollars for the year-to-date and the firm attributes a successful holiday period to is ‘improved promotional and pricing strategy.’

On an international scale, Toys R Us saw comparable store net sales for the period February 2, 2014 to January 3rd, 2015 and holiday periods (November 2nd, 2014 to January, 3rd 2015) increase by 1.3 per cent and 1.2 per cent respectively.

Antonio Urcelay, chairman of the board of directors and chief executive officer, Toys R Us Inc., said: “I am pleased with our year-to-date performance and the actions we have taken to strengthen and transform the company.

“These results reflect the successful execution of our strategic plan to rationalize promotions, slow sales decline and improve margin for fiscal 2014.

“I am proud of the team’s hard work an high level focus on our key initiatives so far this year and throughout the competitive holiday season.”

Related

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.