Toys R Us reports sales growth

Firm announces 3.1 per cent increase in its comparable store sales in the US from November 4th, 2007 to January 5th, 2008.
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Internationally, the firm’s comparable sales rose almost one per cent over the same period, driven by performances of its UK, Southern Europe and Canadian operations.

The Babies R Us division also experienced a comparable store sales increase of almost 0ne per cent.

However, including Japan in the firm’s international fiscal reporting reduced its comparable store sales by 1.7 per cent.

Top selling lines, according to the firm, included Fisher-Prices Smart Cycle, Nintendo’s Wii and DS Lite, Hannah Montana products from Jakks and Guitar Hero III: Legends of Rock video game software from Activision.

Jerry Storch, chairman and CEO said: “We are pleased with our holiday sales results. The team delivered a solid positive comp sales performance for the second year in a row, despite not only a tough economic climate, but also the unique challenges in the toy industry during 2007.

“In delivering another strong performance across the company, we are excited about our strategic direction and the results we have achieved. At Toys“R”Us, we love kids, so we are delighted that children and their families have appreciated and enjoyed the changes and improvements we continue to make in our business,” he said.

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