Last summer, Toys ‘R’ Us shuttered the toy retailer’s famed FAO Schwarz store. Less than half a year later, it closed the iconic Toys ‘R’ Us flagship location in Times Square. There’s a simple reason: They were money losers.
“If the definition of a flagship store is you are going to lose a lot
of money, I’m not big on flagship stores,” said Toys ‘R’ Us Chief
Executive David Brandon during this year’s Fortune Brainstorm TECH conference.. . . more