Thursday, December 15, 2016

Softness in electronics hits Toys ‘R’ Us in Q3

Toys "R" Us Inc.’s sales fell in the third quarter amid weakness in the electronics and entertainment category. 
 
Revenue fell 2.3% to $2.28 billion, from $2.33 billion in the year-ago period.  
 
Same-store sales fell 2.1%. Same-store U.S. sales fell 1.9% in the U.S. and dropped 2.5% abroad as decreases in the number of transactions offset increases in average basket size.. . . more

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