Toys ‘R’ Us sees Q4 sales grow, overall profit decline
New store openings and a growing e-commerce segment helped New Jersey-based toy retailer Toys 'R' Us boost its Q4 revenues by 2% to US$6 billion. Yet despite strong quarterly sales, net income dropped to US$330 million compared to US$387 million in the prior year, the difference being driven completely by increased income taxes in 2010.
March 7, 2011
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