Box concept was giving Toys "R" Us another channel to reach customers and another way to increase its revenues in the increasingly competitive toy retailing industry. Four of the new stores opened in late 2002. Dun's Business Month cited Toys "R" Us as one of the nation's best-managed companies and credited Lazarus with developing an extraordinary management team (most of whom were promoted from within). At the same time that the company reported lackluster earnings for the fiscal year ending in January 1998, it also announced a management shuffle. In 1952 he opened the Baby Furniture and Toy Supermarket in Washington,.C.; five years later he opened a discount toy supermarket in Rockville, Maryland, the first to bear the abbreviated Toys "R" Us name (the store's original name would not fit on its sign). Toys "R" Us found the arrangement beneficial, too, because many of the Ward stores were in excellent locations and rental rates were often quite reasonable. Toy stores featured the new format, now dubbed "Mission Possible." At the same time, new "combo" stores were being created-essentially Toys "R" Us outlets with a select assortment of Kids "R" Us merchandise; there were 273 of these combo stores by early 2002. Call today to sell us your collectibles antiques!
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By January 1986 Toys "R" Us had 233 toy stores in the United States, 13 international stores, 23 Kids "R" Us outlets, and four traditional department stores. In August 1999 the company spent 43 million to purchase Imaginarium Toy Centers, Inc., a specialty retailer focusing on educational toys with 41 stores in 13 states. The transaction reduced the company's stake in the Japanese affiliate from 80 percent to 48 percent. The flagship store was intended to revitalize Toys "R" Us by providing a new image for what was widely considered to be a tired chain. And the number of online baby product retailers is expected to grow, ibisworld reports. Not sure if were interested in your items? Thus as part of a broader restructuring announced in January 2002, the company closed an additional 37 Kids "R" Us outlets, bringing the unit total for that chain down to 146 at the end of fiscal 2002. 1984: First international stores open in Canada and Singapore.