Net sales grow by $61 million in the fourth quarter, despite its restructuring push circling another $100 million upwards in spending cuts.
Toys R Us has seen net sales grow by $61 million in the fourth quarter, despite its restructuring push circling another $100 million upwards in spending cuts.
In its financial results for the full year and fourth quarter of 2014, ending January 31st, the retail giant has seen net sales grow to $12.4 billion, a 0.5 per cent increase on last year.
International comparable store net sales were up 1.8 per cent, thanks in large to increases in core toy, seasonal and learning categories.
Domestic comparable store net sales were down 1 per cent, driven by declines in the entertainment, learning and seasonal categories.
“We are pleased to have delivered a strong improvement in the gross margin rate, particularly in our domestic business,” said Antonio Urcelay, chairman of the board of director and chief executive officer, Toys R Us.
