Categories: Headlines

Toys “R” Us Announces New Strategy

Toys “R” Us Inc. (Wayne, N.J.) CEO David Brandon announced the company's new strategy for increasing profitability by focusing on sales growth. The retailer spent the last several years focusing on reducing costs, but the new ceo hopes the change in focus can aid the struggling toy store.

Bloomberg Business reports specific details of the strategy include taking more risks to grow sales and investing in online commerce options in hopes of fighting back against other online retailers.

The company’s debt growth has spurred conversations about impending corporate restructuring and refinancing its major debts.

peggycarouthers

Share
Published by
peggycarouthers
9 years ago

Recent Posts

Semi-Sizzling Summer Foreseen for Restaurant Jobs

Eateries expected to add 525,000 positions for season

1 hour ago

Five Guys to Open First Overseas Airport Eatery

Dubai International locale will open next month

11 hours ago

Nintendo Plans Store in SF’s Union Square

Source: Powell Street locale a possibility for new store in struggling shopping district

11 hours ago

The Texture of Music and the Rhythm of Art

A recap of “Paul McCartney Photographs 1963–64: Eyes of the Storm,” at the Brooklyn Museum

12 hours ago

Returnity Launches In Rotation to Close the Loop on Reusable Shopping Bags

"In Rotation aims to balance the scales by empowering consumers and retailers to actively participate…

2 days ago

Tarkett Expands Collection of Johnsonite Rubber Sports Flooring With New Triumph and Inertia Patterns

“These new Triumph and Inertia patterns and colorways are designed to inspire next-level performance”

2 days ago

This website uses cookies.