US: TRU reveals Q3 loss

Toys R Us has revealed its latest financials in the US - a loss of $104m.
Author:
Publish date:
5_Pocoyo.jpg

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.

Related

Featured Jobs

GAMEPLAN LOGO 3D hi res

Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019