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Thursday, August 12, 2004
Still watching the toy business
How long are we going to let Wal-Mart get fat while they strangle the competition? Just wondering. Detroit Free Press: "WAYNE, N.J. -- Toys "R" Us Inc., faced with fierce competition from discounters, particularly Wal-Mart Stores Inc., said Wednesday it is exploring the possible sale of its global toy business as it pursues separating its toy and baby product divisions.
The nation's second-biggest toy retailer behind Wal-Mart said it will explore the possible sale of its worldwide toy business -- both domestic and abroad, as well as its e-commerce division -- and the possible spin-off of Babies "R" Us. It also plans to substantially restructure its toy business to help dramatically reduce operating and capital expenses.
John Eyler, chairman and CEO, said the global toy and Babies "R" Us businesses are at "fundamentally different phases in their growth cycle," and separation would give the baby business more opportunity to continue its healthy growth."
Posted at 9:55 AM by John.

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