RETAILING
- Share via
Toys ‘R’ Us Profit Slides: The nation’s largest specialty toy retailer said its earnings in the second quarter ended Aug. 3 fell to $23.4 million, from $26.5 million for the same period in 1990. Revenue increased 9.5% to $1.06 billion, compared to sales of $964 million a year earlier. However, same store sales--those open at least a year--decreased 2.6%. Sales from older stores are considered the most accurate barometer of a retailer’s business. Chairman Charles Lazarus said sales improved over the course of the quarter.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.