Toys ‘R’ Us posts improved net results in Q1

It looks like the toy retail outlook could be improving a little, as US specialty retailer Toys 'R' Us saw operating earnings for the first fiscal quarter of 2009 increase to US$21 million from US$2 million in 2008, with net losses ringing in at US$35 million versus US$36 million during the same time last year.
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June 10, 2009

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