Toys "R" Us Reportedly Seeking to Go Public - Again
Playthings Staff -- Gifts and Dec, 2/28/2011 5:14:33 PM
New York - Toy retail giant Toys "R" Us Inc is looking to raise some $800 million in an initial public offering, according to a recent article in the New York Post. The IPO is planned for April sources told the Post.
The holiday season was a challenging one for toy retailers and despite disappointing December sales figures, the toys "R" Us out-performed its closest competitor Wal-mart.
"Toys R Us took more market share from competitors last year than they have in the past 20 years," said one source described as close to the company. "But I don't think they were satisfied with how they did on the profit level."
The New Jersey-based retailer, which operates stores under its namesake brand and the Babies "R" Us and FAO Schwarz labels, had previously put off plans for an IPO in 2010.
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