US: TRU reveals Q3 loss

Toys R Us has revealed its latest financials in the US - a loss of $104m.
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The loss is an increase on the $76 million loss a year earlier, as the global economic slowdown curbed sales and crimped margins.

Revenue for the period ended November 1st fell less than one per cent to $2.77 billion.

Sales at stores open at least a year, a key measure of retail health, dropped 0.3 per cent as consumers reined in purchases.

Toys R Us said last month that it had planned aggressive promotions for the Christmas period. Last year's fourth quarter generated about 42 per cent of full-year sales and all of its profit.


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