Toys 'R Us Shows Surprising Gains

Posted: Jan 8 2016, 1:53pm CST | by , in News | Latest Business News

 

This story may contain affiliate links.

Toys 'R Us Shows Surprising Gains
Photo Credit: Getty Images

Don't Miss: This How to find Fingerlings in Stock

Toys “R” Us Inc. has defied expectations and had a surge in holiday season sales for the first time in 4 years!

The company, which is the world's largest toy chain, just closed its flagship in Times Square, increased sales by 2% during this year's holiday season, particularly in December.

According to Bloomberg, the gain came after three seasons where there were declines, which put whether or not the industry could hold on in an age where most people were buying their toys online. Bain Capital Partners, KKR & Co. and Vornado Realty Trust acquired the chain a decade ago in a $6.6 billion deal and have struggled to take it public again.

The results were to give a boost to Toys 'R Us's bonds, the company's $400 million of 7.375 percent notes jumped 7.25 cents to 55.25 cents on the dollar at 1 p.m. in New York.

This holiday season marked the first for David Brandon, the CEO who just joined in July. He has been revamping the management ranks and trying to bring new interest to the stores.

Part of their approach was to keep the hottest toys constantly in stock and price them competitively. They also had a jump from Star Wars merchandise. The results “demonstrate our ability to execute our holiday plan in a highly competitive marketplace,” Brandon said.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/46" rel="author">Noel Diem</a>
Noel passion is to write about geek culture.

 

 

Advertisement

comments powered by Disqus