Toys ‘R’ Us throwing out bath water, but not Babies

After a hard-fought battle in the toy trenches, Toys 'R' Us is separating its booming Babies 'R' Us business from its faltering global retail operation, in preparation for the possibility of selling off its 1,200-plus toy stores. The missive has touched off a flurry of speculation by industry insiders and analysts that has yet to settle down - particularly since TRU won't be making any further public statements for some time due to shareholder obligations.
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September 1, 2004

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