Thursday, August 12, 2004

The New York Times > Business > Toys 'R' Us Says It May Leave the Toy Business

The New York Times > Business > Toys 'R' Us Says It May Leave the Toy Business "Battered by intense competition from discounters like Wal-Mart Stores, Toys "R" Us announced yesterday that it might bow out of the toy business altogether.
The $11 billion company, which rose to become the nation's largest toy retailer by developing a once-successful formula that pushed its rivals out of business, said in a statement that it was determined to split its toy business and its faster-growing baby supplies division, Babies "R" Us, into two companies. It also said it planned "to explore the possible sale of the global toy business."

Woe R Us... No doubt they'll eventually try to blame it all on their failed Amazon.com parternship.
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