RETAIL UPDATE: Toys R Us sales dip in Q1 - Licensing.biz

RETAIL UPDATE: Toys R Us sales dip in Q1

Toy retailer reports results for its first quarter ending May 2nd 2009.
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Toys R Us Inc has reported results for its first quarter ended May 2nd, 2009.

Operating earnings for the period increased to $21 million from $2 million in the same period of 2008. The net loss was $35 million, compared to $36 million year-on-year.

Net sales during the first quarter were $2.477 billion compared to $2.719 billion for fiscal 2008. In both domestic and international segments, comparable store net sales decreased by 5.4 per cent.

To read the full story, click here to go to sister site ToyNews.

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