US: TRU slumps ahead of flotation

First quarter losses for Toys R Us increased, ahead of its planned flotation.
Publish date:
Social count:

The firm reported wider quarterly losses to $55 million in the fiscal first quarter, from $35 million in the year-earlier period. Earlier this year it confirmed plans for an $800m public offering.

Sales rose 5.3 per cent to $2.61 billion, while total operating costs rose by approximately 8.2 per cent.

While same-store sales rose by 1.9 per cent domestically, international sales fell 1.4 per cent.

The company attributed the lacklustre performance of its international sales to weak demand for products like video game hardware and software and seasonal categories.


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.


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.