Toys “R” Us Receives Court Approval of First Day Motions to Support Business Operations

877d58a0-611f-478c-9dd6-ddca770cc5d6The U.S. Bankruptcy Court for the Eastern District of Virginia granted either final or interim approval for all of Toys “R” Us Inc.’s first day motions related to its Chapter 11 restructuring. Collectively, the orders granted by the Court at a hearing on Sept. 19 will help ensure that the company continues normal business operations throughout the financial restructuring process. [Read more...]

Toys “R” Us Explores Possible Bankruptcy Filing

toys-r-us-logoAccording to multiple sources, Toys “R” Us has hired lawyers at Kirkland & Ellis to help restructure its roughly $400 million in debt due in 2018. Sources say the retailer’s options include potentially filing for bankruptcy protection.

The company has already announced it is working with Lazard to help address its debt load, and it successfully refinanced some of its debt just a year ago.

[Read more...]

Toys “R” Us to Debut New Star Wars Merchandise During Force Friday II

Force Friday IIBeginning at midnight on Friday, September 1, Toys “R” Us stores in the U.S. and select stores around the world will host Force Friday II, the worldwide debut of all-new products inspired by Star Wars: The Last Jedi. The event will let customers be among the first to purchase hundreds of new Star Wars items.  [Read more...]

Toys “R” Us Names Former USMC Veteran as Executive Officer, U.S. Marketplace Operations

toysrus.croppedMark Johnson was named Executive Vice President, U.S. Marketplace Operations, of Toys “R” Us effective immediately. He will report directly to Chairman and CEO Dave Brandon. [Read more...]

Toys “R” Us Returns to Times Square with Temporary Holiday Shop

TRUTimesSqAfter a nearly two-year absence, Toys “R” Us will temporarily return to Times Square for the holiday season in response to consumer demand. The company will open a 35,000 square-foot store located at 1455 Broadway in the Knickerbocker Building. [Read more...]

Lightseekers Now Available at Toys “R” Us

Mari Starter PackToys “R” Us is the first brick-and-mortar retailer to sell TOMY International‘s Lightseekers action figures, trading cards, accessories, and more.

Lightseekers is an action adventure role-playing game from PlayFusion that integrates video games, smart action figures, artificial intelligence, augmented reality, trading cards, and more. TOMY is the master toy licensee for the line and is manufacturing, distributing, and marketing all of the toys. [Read more...]

Toys “R” Us Reports Q1 Results

toysrus.croppedToys “R” Us reported financial results for the first quarter of fiscal 2017, which ended April 29, 2017. Net loss increased $38 million to $168 million for the quarter, and consolidated adjusted EBITDA was $44 million for the quarter, a decline of $35 million.

Consolidated net sales were $2.2 billion, a decrease of $113 million compared to the prior year period. Excluding a $24 million negative impact from foreign currency translation, net sales declined by $89 million largely attributable to declines in the baby category. [Read more...]

Toys “R” Us Reports Full Year and Q4 Results of Fiscal 2016

toys-r-us-logo 2Toys “R” Us Inc. today reported financial results for the full year and fourth quarter of fiscal 2016, which ended on January 28, 2017.  Consolidated Adjusted EBITDA was $792 million for the full year, a decrease of $8 million compared to the prior year. [Read more...]

Toys “R” Us Inc. to Combine Japan and Asia Ltd. Businesses

toys-r-us-logo 2Toys “R” Us Inc. will unify its Toys “R” Us Japan business with its Toys “R” Us business in Greater China and Southeast Asia, a joint venture with Fung Retailing Limited. [Read more...]

Toys “R” Us Launches Campaign to Support St. Jude Children’s Research Hospital

ToysRUsLogo copyToys “R” Us launched a fundraising campaign in stores and online through June 12 to benefit St. Jude’s Children’s Research Hospital. This is the first of a three-year partnership with St. Jude, in which Toys “R” Us and the Toys “R “Us Children’s Fund have committed to raising $7 million to ensure families never receive a bill from St. Jude for treatment, travel, housing or food. [Read more...]