Don’t squint; click on the image for a larger-sized version.
On Friday, Toys “R” Us Inc. reported financial results for both the full year and fourth quarter of fiscal 2014, which ended on January 31.
For full year fiscal 2014, net sales improved by $61 million, or 0.5 percent, excluding a $243 million negative impact from foreign currency translation, to $12.4 billion compared to the prior year. The improvement was within the international segment, primarily due to an increase in net sales from new stores and comparable store net sales, partially offset by an expected decline in domestic comparable store net sales.
“They have 21,000 square feet [on the ground floor]. There really is not a tenant that can rent that. The market has just escalated so,” Brad Mendelson of Cushman & Wakefield, who is marketing the Toys “R” Us space at 1514 Broadway between West 44 and West 45 Streets on behalf of landlord Charles Moss, tells the CO.
by Simon Forsyth, Media Relations Advisor, Corporate Communications, Export Development Canada
As kids we needed toys. They spurred our imaginations, occupied our days, and generally brought joy to our then simple lives. But our love for them was fickle–we’d obsess over them one day, discard them the next, and soon beg for new ones.
The fifth season of TV series The Walking Dead will be accompanied by new The Walking Dead Minimates, from Diamond Select Toys and arriving at Toys “R” Us stores nationwide and toysrus.com in March. The new assortment features characters from the “All Out War” story arc featured in issues No. 115 to 126 of The Walking Dead comic book series, in which Rick’s group teams up with other communities against the powerful Saviors group. [Read more...]
Jakks Pacific Inc. was awarded the Vendor of the Year Award from Toys “R” Us. The award is presented annually to business partners that have helped the company become a resource for kids and families.
“We are honored to receive the ‘Vendor of the Year’ Award from Toys “R” Us,” says Jack McGrath, Chief Operating Officer, Jakks Pacific Inc. “The partnership between Jakks and Toys “R” Us is truly collaborative. Toys “R” Us highlighted our ability to spot trends early in the year and swiftly and efficiently bring products to market. We look forward to continue being a valuable business partner to Toys “R” Us.”