Wednesday, July 13, 2016

Toys ‘R’ Us eyes New York for brick-and-mortar return

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

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