Toys“R”Us® Children’s Fund donates $1 million to the Hamilton Education Program

WAYNE, NJ, 2017-Oct-18 — /EPR Retail News/ — As part of its ongoing commitment to support children and families – which includes serving as champions of play for kids of all ages – today (October 16, 2017) the Toys“R”Us® Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., announced it has donated $1 million to the Hamilton Education Program (EduHam). The donation provides thousands of high school students with a once in a lifetime opportunity to experience the hit musical HAMILTON through an innovative education program that focuses on history and the performing arts.

Over the course of several weeks, nearly 25,000 Title 1 high school students in Los Angeles, Chicago and New York, will learn the past is far from boring. During the program, kids will see history through a new lens by studying Alexander Hamilton and nation’s Founding Fathers, and by creating their own performance, such as an original song, spoken word or rap piece. Toys“R”Us worked closely with the EduHam team – co-founded by Lin-Manuel Miranda and the Gilder Lehrman Institute of American History – to ensure its donation would give each student a show-stopping final curtain call in their HAMILTON journey: the opportunity to experience the musical first-hand, in their hometown.

“At Toys“R”Us, kids are our number one priority – whether they’re just a few weeks old, or in this case, walking the halls of high school,” said Dave Brandon, Chairman and Chief Executive Officer, Toys“R”Us, Inc. “We’re honored to support this five-year program and the thousands of students and teachers involved because we believe in the power that HAMILTON and EduHam has to help students flourish – giving them a much-needed artistic and educational outlet, while making history fun.”

“I am grateful for Toys“R”Us and its very generous gift to allow thousands of students across the U.S. the opportunity to study the Founding Fathers of our country through the Hamilton Education Program,” said HAMILTON creator, Lin-Manuel Miranda. “Without support like this, we would not be able to share this impactful program with these students. #Eduham continues to be one of my greatest joys in creating HAMILTON. “

To read more about the program, please visit https://www.toysrusinc.com/blog/toysrus-eduham-musical-magic.

HAMILTON is the story of America’s Founding Father Alexander Hamilton, an immigrant from the West Indies who became George Washington’s right-hand man during the Revolutionary War and was the new nation’s first Treasury Secretary. Featuring a score that blends hip-hop, jazz, blues, rap, R&B, and Broadway, HAMILTON is the story of America then, as told by America now.

Charitable Giving at Toys“R”Us
Toys“R”Us, Inc. is a global partner in philanthropic programs that advocate for the safety and happiness of all children. The company places a strong focus on partners and programs that provide basic necessities and opportunities for children in-need. Together with its charitable arm, the Toys“R”Us Children’s Fund, Toys“R”Us has contributed more than $230 million to changing the lives of children around the globe.

ABOUT THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY
Founded in 1994 by philanthropists Richard Gilder and Lewis E. Lehrman, the Gilder Lehrman Institute of American History is the leading American history nonprofit organization dedicated to K–12 education. With a focus on primary sources, the Gilder Lehrman Institute illuminates the stories, people and moments that inspire students of all ages and backgrounds to learn and understand more about history. Through a diverse portfolio of education programs, including the acclaimed Hamilton Education Program (#eduham), the Gilder Lehrman Institute provides opportunities for nearly two million students, 30,000 teachers and 14,000 schools worldwide.

For information on The Gilder Lehrman Institute of American History, visit www.gilderlehrman.orgwww.Facebook.com/gilderlehrmanhttps://www.instagram.com/gilderlehrman and https://twitter.com/Gilder_Lehrman.

Source: Toys“R”Us, Inc.

Toys“R”Us, Inc. Files Voluntary Chapter 11 Petitions in U.S. and Intends to Seek Protection under CCAA in Canada

  • Toys“R”Us and Babies“R”Us Stores and Web Stores across the World are Open and Continuing to Provide World-Class Experiences for Customers
  • Restructuring Process Expected to Enhance Financial Flexibility for Investments in Growth Initiatives
  • Company Receives Commitment of Over $3.0 Billion in Debtor-in-Possession Financing to Support Operations

WAYNE, NJ, 2017-Sep-20 — /EPR Retail News/ — Toys“R”Us, Inc. (“the Company”) today (September 18, 2017) announced that the Company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond, VA. In addition, the Company’s Canadian subsidiary today intends to seek protection in parallel proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) in the Ontario Superior Court of Justice. The Company intends to use these court-supervised proceedings to restructure its outstanding debt and establish a sustainable capital structure that will enable it to invest in long-term growth and fuel its aspirations to bring play to kids everywhere and be a best friend to parents.

The Company’s operations outside of the U.S. and Canada, including its approximately 255 licensed stores and joint venture partnership in Asia, which are separate entities, are not part of the Chapter 11 filing and CCAA proceedings.

The Company’s approximately 1,600 Toys“R”Us and Babies“R”Us stores around the world – the vast majority of which are profitable – are continuing to operate as usual, providing customers with great service and a curated assortment of merchandise in the toy and baby categories. Customers can also continue to shop for the toy and baby products they are looking for online on the Company’s newly launched www.toysrus.com and www.babiesrus.com web stores. Customers should expect the Company’s loyalty programs, including its Rewards“R”Us, Geoffrey’s Birthday List and Babies“R”Us Registry, to continue as normal.

“Today marks the dawn of a new era at Toys“R”Us where we expect that the financial constraints that have held us back will be addressed in a lasting and effective way,” said Dave Brandon, Chairman and Chief Executive Officer. “Together with our investors, our objective is to work with our debtholders and other creditors to restructure the $5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business, continue to improve the customer experience in our physical stores and online, and strengthen our competitive position in an increasingly challenging and rapidly changing retail marketplace worldwide. We are confident that these are the right steps to ensure that the iconic Toys“R”Us and Babies“R”Us brands live on for many generations.”

Mr. Brandon continued, “As the holiday season ramps up, our physical and web stores are open for business, and our team members around the world look forward to continuing to put huge smiles on children’s faces. We thank our vendors for their ongoing support through this important season and beyond. We also appreciate the strong support our investors have provided over time and the constructive role they are playing in this process that will allow us to create a brighter future for our company. And as importantly, we thank our team members in advance for their hard work and dedication to serving the millions of customers who will shop with us this holiday.”

The Company has received a commitment for over $3.0 billion in debtor-in-possession (“DIP”) financing from various lenders, including a JPMorgan-led bank syndicate and certain of the Company’s existing lenders, which, subject to Court approval, is expected to immediately improve the Company’s financial health and support its ongoing operations during the court-supervised process. Toys“R”Us is committed to working with its vendors to help ensure that inventory levels are maintained and products continue to be delivered in a timely fashion.

In conjunction with the Chapter 11 process in the U.S., the Company has filed a number of customary motions with the bankruptcy court seeking authorization to support its operations during the restructuring process and ensure a smooth transition into Chapter 11 without disruption, including authority to continue payment of employee wages and benefits, honor customer programs, and pay vendors and suppliers in the ordinary course for all goods provided on or after the filing date.

Additional information can be accessed by visiting the Company’s restructuring website at www.toysrusinc.com/restructuring, calling the Company’s Information Hotline, toll- free in the U.S. and Canada at (844) 794-3476, or sending an email to toysrusinfo@PrimeClerk.com. Court filings and other documents related to the court- supervised process in the U.S. are available on a separate website administered by the Company’s claims agent, Prime Clerk, at https://cases.primeclerk.com/toysrus. Information about the CCAA proceedings will be available on a separate site maintained by an independent monitor. The appointment of the monitor and address of the monitor website are expected to be announced later today.

Kirkland & Ellis LLP is serving as principal legal counsel to Toys“R”Us, Alvarez & Marsal is serving as restructuring advisor and Lazard is serving as financial advisor.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 885 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 810 international stores and over 255 licensed stores in 38 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has nearly 65,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Over the past three decades, the Company has given more than $100 million in product donations to children’s charities. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has also donated more than $130 million in grants. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter.

For more information please contact:

Lenders and Note Investors:
Matthew Finigan
Vice President
Treasurer
973-617-5808
Matthew.Finigan@toysrus.com

Media:
Amy von Walter
Executive Vice President
Global Communications & Customer Care
201-815-9512
Amy.vonWalter@toysrus.com

press@toysrus.com
973-617-5900

Michael Freitag / Meaghan Repko
Joele Frank, Wilkinson Brimmer Katcher
Tel: (212) 355-4449

Source: Toys“R”Us, Inc.

Toys“R”Us® to open a temporary store in Knickerbocker Building, Broadway for the holiday season

Company Announces Return to Times Square with Temporary Holiday Shop

Wayne, NJ, 2017-Aug-12 — /EPR Retail News/ — After a nearly two-year absence, Toys“R”Us® today (August 10, 2017) announced that it is returning to Times Square in response to customer demand. The company will open a temporary 35,000 square-foot store located at 1466 Broadway (at the corner of 42nd Street and Broadway) in the historic Knickerbocker Building. Scheduled to open in August, the store will provide kids and families a one-stop toy shopping experience – complete with a dedicated play area – just in time for the holiday season.

“The Times Square holiday shop reunites our brand with an iconic New York destination which we are thrilled about,” said Dave Brandon, Chairman & CEO of Toys“R”Us, Inc. “More importantly, the store offers customers a host of products tailored to the needs of city dwellers and visitors – all in interest of bringing play to kids and families around the world!”

The three-level store in Times Square will have one main entrance on Broadway and include:

Level One: Upon entering the store, customers will be greeted with kid-favorite shop-in-shops that they have come to expect from Toys“R”Us, including Movie HQ (products from this fall’s biggest blockbusters), Hot and New (the hottest holiday toys), Star Wars™, and Marvel, along with must-have New York City memorabilia. Additionally, Level One will host a select assortment of electronic and entertainment items such as FUJIFILM INSTAX® cameras, Nintendo Switch™, and top software launches.

Lower Level: Here shoppers will find a wide variety of R/C, Hot Wheels®, and action figures, as well as city-friendly modes of transportation such as bikes and scooters.

Level Two: In addition to the feature shops on Level One, here customers will find dedicated LEGO® and NERF® shops, and a full assortment of traditional toys across a range of categories, including preschool, games, dolls, learning, collectibles, and arts and crafts.

Play Space: Also on Level Two, kids will have the opportunity to do what they love most – play. This dedicated space will allow kids to play with products out-of-the-box and experience toy demos, truly bringing the toy box to life.

Interactive Elements: In a nod to the company’s former Times Square location, a scaled-down animatronic dinosaur will also live on the second level. Customers will come to find other interactive and life-size toy displays across the three-level space throughout the holiday season.

The company’s Buy Online, Pick Up In-Store service will be available at this location, providing Manhattan’s Toys“R”Us customers with an easy way to pick up thousands of items in under an hour. Its Layaway service will also be offered, giving city shoppers the opportunity to stretch their budgets, secure must-have toys early or keep big gift purchases hidden.*

Landlord representation was provided by Brittany H. Bragg of Crown Retail Services, and Peter Ripka of Ripco Real Estate was the broker representation for Crown Retail Services.

To download the store’s “Opening Soon!” teaser graphic, please click here.

*In-store purchases only. Certain restrictions and exclusions apply. See store for more details.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 879 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in 815 international stores and over 255 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has nearly 65,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Over the past three decades, the Company has given more than $100 million in product donations to children’s charities. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has also donated more than $130 million in grants. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter.

Media Relations:

1 (973) 617-5900
Press@toysrus.com

Source: Toys“R”Us, Inc.

Toys“R”Us announces the appointment of Mark Johnson as EVP, U.S. Marketplace Operations

WAYNE, NJ, 2017-Aug-10 — /EPR Retail News/ — Toys“R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today (August 7, 2017) announced Mark Johnson was named Executive Vice President, U.S. Marketplace Operations, effective immediately. He will report directly to Chairman and CEO Dave Brandon.

Mr. Johnson had been serving as interim EVP, Store Operations since May. Johnson joined the company in October 2014 as Regional Director for stores before being promoted to Vice President of Operations, Strategy and Execution in 2015, where he provided leadership across multiple store teams with a focus on driving sales and consistent operational execution in the marketplace.

In his new role, Mark Johnson will be responsible for delivering an exceptional shopping experience for customers across the company’s Toys“R”Us® and Babies“R”Us® brick and mortar locations in the U.S. This includes virtually every aspect of the company’s retail operation, from people, process and planning to ensuring flawless execution for customers. Mr. Johnson will also serve as a member of the company’s Global Leadership Team, providing strategic direction and support for Store Operations.

“As we work to grow and build our brands across the globe, the customer experience is at the core of everything we do,” said Mr. Brandon. “Over the last several years, Mark has been a key player in the evolution of our brick and mortar store operations and in this important leadership position, he will have even greater opportunity to help our store teams become trusted friends and advocates for kids and their families.”

Prior to joining the company, Mr. Johnson served as Regional Manager for Walmart Stores, U.S., where he led process and customer service excellence. He was a Partner at McKinney Rogers Global Business Execution Consultancy, where he provided counsel to senior leaders at Walmart and other businesses undergoing transformation. Earlier in his career, Mr. Johnson served in the United States Marine Corps before retiring in 2007.

Mr. Johnson received his bachelor’s degree in economics from the University of Texas at Austin and a Master of Military Science from the Marine Corps University in Quantico, VA. In addition to his full-time role, Mr. Johnson is an Athlete Ambassador for the National Down Syndrome Society. He lives in New Jersey with his wife Karen Lynn Johnson, and is the proud father of four children and three grandchildren.

About Toys“R”Us, Inc.

Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 879 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in 815 international stores and over 255 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has nearly 65,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Over the past three decades, the Company has given more than $100 million in product donations to children’s charities. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has also donated more than $130 million in grants. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter.

For more information please contact:

Media:
Amy von Walter
Executive Vice President, Communications and Customer Care, Toys“R”Us, Inc.
Amy.vonWalter@toysrus.com
(201) 815-9512

Source: Toys“R”Us, Inc.

Toys“R”Us® fundraising campaign for St. Jude Children’s Research Hospital® raised nearly $3 million

Toys“R”Us® fundraising campaign for St. Jude Children’s Research Hospital® raised nearly $3 million

 

Fundraising Campaign Drives Critical Awareness and Funds for Children Impacted by Life-Threatening Diseases

Wayne, NJ, 2017-Jul-17 — /EPR Retail News/ — Toys“R”Us® today (July 13, 2017 ) announced that in year one of its three-year commitment to provide $7 million to St. Jude Children’s Research Hospital®, the company and the Toys”R”Us Children’s Fund exceeded the campaign goal raising nearly $3 million that will help provide essential life-saving treatments and services at no cost to its patients.

Click to Tweet: Thanks to generous donations, @ToysRUs raised nearly $3 million for @StJude! #GivingIsAwesome! Learn more at http://bit.ly/2u8qOFy

“Toys“R”Us is all about bringing joy to children and families, and together with St. Jude, we are bringing smiles to their faces at a place and time that really matters most,” said Dave Brandon, Chairman and Chief Executive Officer, Toys“R”Us, Inc. “St. Jude is saving lives, plain and simple. The gravity of what they do for families around the world is unmatched, as they lead in treating and defeating life-threatening diseases affecting children.”

Toys“R”Us kicked off its partnership with St. Jude in March with a larger-than-life event that was truly worthy of the kids who receive care at the hospital in Tennessee. Not only did the event benefit the children receiving treatment at the facility, but also their siblings and parents.

“Toys“R”Us is a brand that cares deeply about the patients and families of St. Jude,” said Richard Shadyac Jr., President and CEO of ALSAC, the fundraising and awareness organization for St. Jude Children’s Research Hospital. “The first year of our partnership has been remarkably successful. Toys“R”Us and its incredibly kindhearted customers, who are genuinely passionate about our mission, have helped us deliver joy to so many families at St. Jude, and their generosity will continue to help St. Jude find cures and save the lives of children fighting cancer and other life-threatening diseases in communities everywhere.”

Learn more about other Charitable Partners that Toys“R”Us works with here.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 879 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in 815 international stores and over 255 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has nearly 65,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Over the past three decades, the Company has given more than $100 million in product donations to children’s charities. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has also donated more than $130 million in grants. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter.

About St. Jude Children’s Research Hospital
St. Jude Children’s Research Hospital is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Our purpose is clear: Finding cures. Saving children.® It is the only National Cancer Institute-designated Comprehensive Cancer Center devoted solely to children. Treatments invented at St. Jude have helped push the overall childhood cancer survival rate from 20 percent to 80 percent since the hospital opened more than 50 years ago. St. Jude is working to drive the overall survival rate for childhood cancer to 90 percent, and St. Jude won’t stop until no child dies from cancer. St. Jude freely shares the discoveries it makes, and every child saved at St. Jude means doctors and scientists worldwide can use that knowledge to save thousands more children. Families never receive a bill from St. Jude for treatment, travel, housing or food – because all a family should worry about is helping their child live. Join the St. Jude mission by visiting stjude.org, liking St. Jude on Facebook (facebook.com/stjude) and following us on Twitter (@stjude).

Charitable Giving at Toys“R”Us
The philanthropic mission of Toys“R”Us, Inc. and the Toys“R”Us Children’s Fund is to keep children safe and help them in times of need. The Toys“R”Us Children’s Fund contributes millions of dollars annually to various children’s organizations, including those providing disaster relief to victims of large-scale crises, as well as those supporting America’s military families. The Fund also provides grants to leading special needs organizations, furthering the company’s commitment to children of all abilities. In addition to financial and product donations, Toys“R”Us, Inc. hosts in-store and online fundraising campaigns annually that raise millions of dollars for the company’s signature philanthropic partners.

Media Relations:

1 (973) 617-5900
Press@toysrus.com

Source:  Toys“R”Us, Inc.

###

Toys“R”Us unifies its Japan, Greater China and Southeast Asia businesses

WAYNE, NJ and TOYKO, JAPAN, 2017-Apr-14 — /EPR Retail News/ — Toys“R”Us, Inc. today (April 11, 2017) announced that it has entered into an agreement to unify its Toys“R”Us, Japan business with its Toys“R”Us business in Greater China and Southeast Asia, a joint venture between Toys“R”Us, Inc. and Fung Retailing Limited. Under this agreement, Toys“R”Us, Japan, which operates 160 stores in the country, will become part of Toys“R”Us, Asia Ltd. The combined business will now be approximately 85 percent owned by Toys“R”Us, Inc. and approximately 15 percent owned by Fung Retailing.

Toys“R”Us Asia Ltd and its subsidiaries operate 223 stores in Greater China and in the Southeast Asia markets, which includes Toys“R”Us stores in Brunei, China, Hong Kong, Malaysia, Singapore, Taiwan and Thailand, and licenses an additional 34 stores in the Philippines and Macau. Andre Javes, President, Toys“R”Us, Asia Pacific, will continue to oversee all operations of the combined businesses, as well as Toys“R”Us, Australia.

“This expansion marks another milestone for Toys“R”Us as a global company,” said Dave Brandon, Chairman and Chief Executive Officer, Toys“R”Us, Inc. “The businesses are highly complementary with regards to markets, products and technology, and we believe that the strategic decision to consolidate them will allow us to streamline operations and accelerate innovation to continue to deliver a world-class experience for our customers in Asia. We look forward to working more closely with Fung Retailing, our trusted and valued business partner, as we further our mission to be the best toy and baby products retail company for the world.”

The Chairman of the Fung Group, Dr. Victor K. Fung said, “We have been involved with Toys“R”Us in Asia since 1985 and are pleased to expand our partnership to include Japan. Toys“R”Us is one of the most recognized brands in the world, and our goals for the combined business are to leverage the synergies between the businesses and delight a new generation of consumers with significant purchasing power across the region.”

The combined company will be headquartered in Hong Kong, while a regional office will continue to operate in Kawasaki, Japan, where Toys“R”Us, Japan is based.

About Toys“R”Us, Japan
Toys“R”Us, Japan, a subsidiary of Toys“R”Us, Inc. employs approximately 6,600 associates in Japan. The company currently operates 160 Toys“R”Us and Babies“R”Us stores nationwide (as of April, 2017), as well as the Toys“R”Us/Babies“R”Us Online Store (www.toysrus.co.jp), carrying quality products from trusted domestic and international manufacturers.
Toys“R”Us-Japan, Ltd. www.toysrus.co.jp/corporate/CSfCompany.jsp#
Toys“R”Us/Babies“R”Us Store Locations www2.toysrus.co.jp/store
Toys“R”Us/Babies“R”Us Official Facebook facebook.com/toysrusjp/facebook.com/babiesrusjp
Toys“R”Us/Babies“R”Us Official Twitter twitter.com/toysrus_jp / twitter.com/babiesrus_jp
Toys“R”Us/Babies“R”Us Official Instagram www.instagram.com/toysrus_jp/
Toys“R”Us/Babies“R”Us Official LINE line.me/ti/p/@toysrus_jp

About Fung Retailing Limited
The retailing businesses of privately-held Fung Retailing Limited extend from Greater China to Korea, Singapore, Malaysia, Thailand and the Philippines through a combined network of over 2,700 stores. They include stores operated separately and independently by publicly-listed Convenience Retail Asia Limited (SEHK:00831) and Trinity Limited (SEHK:00891), as well as the privately-held Branded lifestyle Holding Limited, Fung Kids (Holdings) Limited, Toys“R”Us (Asia) Limited and Suhyang Networks Company Limited. Fung Retailing employs over 16,000 staff, and its turnover exceeded US$1.85 billion in 2015.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 883 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in 795 international stores and 254 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has an annual workforce of approximately 60,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has donated more than $130 million in grants to children’s charities. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter. Follow Toys“R”Us and Babies“R”Us on Facebook at Facebook.com/Toysrus and Facebook.com/Babiesrus and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

Contact:

1 (973) 617-5900
Press@toysrus.com

Source: Toys“R”Us, Inc.

Toys“R”Us® kicks off its fundraising campaign to benefit St. Jude Children’s Research Hospital®

Wayne, NJ, 2017-Apr-04 — /EPR Retail News/ — Toys“R”Us® today (April 3, 2017) announced the start of its fundraising campaign in stores and online through June 12 to benefit St. Jude Children’s Research Hospital®, which is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. This is the first of a three-year partnership with St. Jude, in which Toys“R”Us and the Toys“R”Us Children’s Fund have committed to raising $7 million to ensure families never receive a bill from St. Jude for treatment, travel, housing or food because all a family should worry about is helping their child live.

“Toys“R”Us was built on the idea of delivering joy to children and with our customers’ support, we will be doing just that for the kids at St. Jude Children’s Research Hospital,” said Dave Brandon, Chairman and Chief Executive Officer, Toys“R”Us, Inc. “St. Jude is a beacon of hope for children and families in communities everywhere and we are honored to join in its mission.”

“We are thrilled to welcome Toys“R”Us to the St. Jude family,” said Marlo Thomas, National Outreach Director for St. Jude Children’s Research Hospital. “Their focus on kids and families, makes this partnership a perfect fit. And the funds raised by this campaign will help fuel the pioneering research and care that leads to cures for children fighting cancer and other life-threatening diseases in communities everywhere.”

It is easy to support St. Jude, customers can donate at any Toys“R”Us or Babies“R”Us location across the U.S. or online at Toysrus.com/GivingIsAwesome. Because the majority of St. Jude funding comes from individual contributors, St. Jude has the freedom to focus on what matters most – saving kids regardless of their financial situation.

#GivingisAwesome and Super Easy
However customers choose to shop, whether online or at one of the 883 Toys“R”Us or Babies“R”Us stores across the U.S., donating is easy. Just $3 can have an impact by providing necessities such as pediatric isolation masks to help protect St. Jude’s young patients with compromised immune systems. Have a few more dollars to spare? For just $7, help St. Jude provide a blank medical teaching doll that helps the hospital’s kids understand medical treatment and procedures.

In addition, between April 23 and April 29, Toys“R”Us will donate $1 to St. Jude (up to $25,000) for every retweet of a special #GivingIsAwesome moment @Toysrus retweet. Follow @ToysRUs on Twitter to help make a difference in the lives of St. Jude patients and families.

Click to Tweet: Did you hear? We’re teaming up with @StJude! Stop by @ToysRUs, @BabiesRUs or donate online. #GivingIsAwesome www.toysrus.com/givingisawesome

To find your local Toys“R”Us or Babies“R”Us store, visit Toysrus.com or Babiesrus.com. To learn more about the partnership or to donate to St. Jude through June 12, visit Toysrus.com/GivingIsAwesome.

About Toys”R”Us, Inc.

Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 883 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in 795 international stores and 254 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has an annual workforce of approximately 60,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has donated more than $125 million in grants to children’s charities. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter. Follow Toys“R”Us and Babies“R”Us on Facebook at Facebook.com/Toysrus and Facebook.com/Babiesrus and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

About St. Jude Children’s Research Hospital

St. Jude Children’s Research Hospital is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Our purpose is clear: Finding cures. Saving children.® It is the only National Cancer Institute-designated Comprehensive Cancer Center devoted solely to children. Treatments invented at St. Jude have helped push the overall childhood cancer survival rate from 20 percent to 80 percent since the hospital opened more than 50 years ago. St. Jude is working to drive the overall survival rate for childhood cancer to 90 percent, and St. Jude won’t stop until no child dies from cancer. St. Jude freely shares the discoveries it makes, and every child saved at St. Jude means doctors and scientists worldwide can use that knowledge to save thousands more children. Families never receive a bill from St. Jude for treatment, travel, housing or food – because all a family should worry about is helping their child live. Join the St. Jude mission by visiting stjude.org, liking St. Jude on Facebook (facebook.com/stjude) and following us on Twitter (@stjude).

Media Relations:

1 (973) 617-5900
Press@toysrus.com

Source: Toys“R”Us, Inc.

Toys“R”Us appoints Cornell Boggs as its EVP and General Counsel

WAYNE, NJ, 2017-Feb-08 — /EPR Retail News/ — Toys“R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today (February 7, 2017) announced the hiring of Cornell Boggs as its Executive Vice President and General Counsel, effective February 15, 2017. He will report directly to Chairman and CEO Dave Brandon.

Mr. Boggs joins Toys“R”Us from Dow Corning Corporation, a large multinational based in Midland, Michigan, where he served as Senior Vice President, General Counsel and Corporate Secretary. In that role, he oversaw teams in Asia, Europe and Latin America, in addition to the U.S. and was responsible for Legal, Government Affairs, Compliance and Ethics.

In his new role, Mr. Boggs will be responsible for leading all legal, corporate governance and legislative matters for the company. He will provide advice and counsel to the Leadership Team on a wide-range of issues, including those focused on achieving the company’s growth objectives. Mr. Boggs will be a key advocate for the Toys“R”Us brand, ensuring the company’s interests are represented in the many places around the globe where it does business. He will also work closely with the Board of Directors in his position as Corporate Secretary.

“Cornell’s extensive global experience extends well beyond traditional legal issues,” said Mr. Brandon. “He brings strong leadership skills, business acumen and an appreciation for the unique complexities of our company. I am confident that he will make a significant contribution to our ongoing transformation and plans for growth.”

Before Dow Corning, Mr. Boggs was Chief Responsibility and Ethics Officer for MillerCoors LLC/Coors Brewing Company. He also held senior level roles with major global companies, including Tyco Plastics and Adhesives, Intel Corporation, Anheuser-Busch, and Monsanto and spent two years with the Department of Justice in Washington, D.C.

Mr. Boggs has a JD and a BA from Valparaiso University in Indiana. He serves on the Boards of his alma mater, where he is Vice Chairman of the Audit Committee, as well as Thrivent Financial, a Fortune 500 financial services company. Mr. Boggs is also a member of the Executive Leadership Council, the preeminent membership organization committed to increasing the number of black executives in C-Suites, on corporate boards and in global enterprises.

About Toys“R”Us, Inc.

Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 885 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 795 international stores and over 259 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has an annual workforce of approximately 62,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has donated more than $125 million in grants to children’s charities. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter. Follow Toys“R”Us and Babies“R”Us on Facebook at Facebook.com/Toysrus and Facebook.com/Babiesrus and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

Media Contact:

Amy von Walter
Executive Vice President
Global Communications and Public Relations
Toys“R”Us, Inc.
Amy.vonWalter@toysrus.com
201-815-9512

Source:Toys“R”Us, Inc.

Toys“R”Us announces the appointment of PepsiCo veteran, Carla Hassan as EVP, Global Chief Marketing Officer

WAYNE, NJ, 2017-Jan-25 — /EPR Retail News/ — Toys“R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today (January 23, 2017) announced that PepsiCo veteran, Carla Hassan will join the company as Executive Vice President, Global Chief Marketing Officer, effective February 20, 2017. She will report directly to Chairman and CEO Dave Brandon.

Ms. Hassan was most recently Senior Vice President, Brand Management for PepsiCo’s Global Beverage Group, where she was responsible for driving the growth agenda for brands including Pepsi, 7UP, Mountain Dew, and Gatorade.

In her new role, Ms. Hassan will be responsible for developing a global marketing strategy and a best-in-class team to drive growth for the toy and baby businesses. She will also lead the efforts to position and enhance the relevancy of the brand, leveraging relationships with vendors and licensing partners to increase positive consumer perception of the company.

“Creative and effective Marketing will play a critical role in building our brand and business, not only here in the U.S. but around the world,” said Mr. Brandon. “Carla not only has exceptional experience from both a global brand and leadership perspective, she brings with her a passion and reputation for change. I expect to see her immediate positive impact on our Marketing programs and ability to connect with today’s consumers and drive traffic into our bricks and mortar stores and our web store.”

During her thirteen years with PepsiCo, Ms. Hassan held a number of strategic Marketing leadership roles for Quaker and Gatorade in the U.S., and was CMO for the company’s Middle East/Africa food and beverage business. Prior to that she held a variety of marketing roles at The Kellogg Company overseeing well-known brands including Keebler and Eggo.

“I am beyond excited to have the opportunity to steward another iconic brand. As a marketer, a mom and a kid at heart, I see endless opportunities to make this brand even more magical and inspiring,” said Ms. Hassan.

Ms. Hassan has an MBA from the Thunderbird Graduation School of International Management and a bachelor’s degree in International Affairs, Business, Economics and Political Science from the University of Colorado. In 2016, she was named one of Ad Age’s Women to Watch.

In addition to Ms. Hassan’s appointment, the company announced two additional leadership changes. Diane Preston was promoted to Executive Vice President, Supply Chain and Kevin Macnab was promoted to President, International.

About Toys“R”Us, Inc.

Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 885 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 795 international stores and over 259 licensed stores in 38 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has an annual workforce of approximately 62,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has donated more than $125 million in grants to children’s charities. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter. Follow Toys“R”Us and Babies“R”Us on Facebook at Facebook.com/Toysrus and Facebook.com/Babiesrus and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

Contact:
Media:
Adrienne O’Hara
Executive Director
Global Communications & PR, Toys“R”Us, Inc.
Adrienne.Ohara@toysrus.com
973-617-4383

Jessica Offerjost
Public Relations
Toys“R”Us, Inc.
Jessica.Offerjost@toysrus.com
973-617-4766

Source: Toys“R”Us, Inc.

Melanie Teed-Murch named President, Toys“R”Us, Canada

Melanie Teed-Murch named President, Toys“R”Us, Canada Melanie Teed-Murch named President, Toys“R”Us, Canada
Melanie Teed-Murch named President, Toys“R”Us, Canada

 

WAYNE, NJ and CONCORD, Ontario, 2016-Aug-30 — /EPR Retail News/ — Toys“R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today (August 29, 2016) announced the appointment of Melanie Teed-Murch as President, Toys“R”Us, Canada, effective September 1. In addition to overseeing the operations and business activities for the company’s Toys“R”Us® and Babies“R”Us® stores and e-commerce channel in Canada, Melanie will be responsible for the continued growth, profitability and success of the company in this market. She will report directly to Chairman and CEO Dave Brandon.

“I’m thrilled that Melanie will be taking on this leadership role,” said Brandon. “Her deep experience in retail and drive for results, coupled with her strong relationships across our global teams and vendor community, give me great confidence in her ability to achieve our growth goals in Canada.”

Since first joining the organization in 1996 as a store manager for Toys“R”Us in Kitchener, Ontario, Melanie has held a variety of senior leadership, merchandising and operational roles with increasing responsibility, including her most recent position as Canada’s Chief Merchant.

She holds an Honors Bachelor of Arts degree from the University of Western Ontario and a Business Administration Diploma from Wilfrid Laurier University. Melanie replaces Kevin Macnab who was promoted to Executive Vice President, Special Assistant/Office of the Chairman, Toys“R”Us, Inc., back in 2015.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 871 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 755 international stores and 250 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has an annual workforce of approximately 62,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter. Follow Toys“R”Us and Babies“R”Us on Facebook at Facebook.com/Toysrus and Facebook.com/Babiesrus and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

Media Relations:

1 (973) 617-5900
Press@toysrus.com

Source: About Toys“R”Us, Inc.

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Toys“R”Us announces the appointment of Lance Wills as EVP, Global Chief Technology Officer effective June 13

WAYNE, NJ, 2016-May-31 — /EPR Retail News/ — Toys“R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today announced that Lance Wills will join the company as Executive Vice President, Global Chief Technology Officer (CTO), effective June 13. He will report directly to Chairman and CEO Dave Brandon.

As CTO, a newly created position within Toys“R”Us®, Mr. Wills’ responsibilities will span global IT and digital strategy for the company, bridging both data and business operations. In addition to governance and infrastructure, Mr. Wills will oversee end-to-end strategy, design and implementation of the company’s digital road map, ensuring the enhancement of the customer experience by creating a seamless approach through all available shopping channels. Phillip Newmoyer, who recently joined Toys“R”Us as Senior Vice President and Chief Information Officer to lead the IT portion of bringing the company’s e-commerce platform in-house, will report to Mr. Wills.

“As we work towards creating a world-class customer shopping experience and revolutionizing our digital strategy, we are excited to welcome Lance to this new key role within the organization,” said Mr. Brandon. “Lance has the talent, experience and leadership qualities that will be instrumental in helping position our IT and digital teams for success in the company’s journey to growth.”

Mr. Wills comes to Toys“R”Us from American Eagle Outfitters (AEO) where he served as Vice President, Global Head of Digital Technology, leading the company’s online and in-store technology groups, as well as those of the AEO subsidiary brands. Previously, he served as Vice President, Direct and Omni Channel Technologies at Macy’s, Inc. Prior to that, he held various consulting and technology roles within Thomson Reuters (previously Thomson Publishing) in London and San Francisco.

Mr. Wills received a Diploma in Information Technology from the Central Institute of Technology in Wellington, New Zealand.

FOR MEDIA USE: Download a photo of Lance Wills here: https://toysrus.sharefile.com/d-sf7c3ee65bdb42f59.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 864 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 755 international stores and more than 250 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has an annual workforce of approximately 62,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us and Babies“R”Us on Facebook at Facebook.com/Toysrus and Facebook.com/Babiesrus and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

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Media Contacts:
Toys“R”Us, Inc.
Alyssa Peera
973-617-5634
Alyssa.Peera@toysrus.com

Toys“R”Us FY 2015: 25% improvement of the consolidated Adjusted EBITDA over the prior year

Consolidated same store sales grew by 2.3% for the quarter and 0.9% for the full year; Fiscal 2015 SG&A expense reduction of $322 million resulted in the lowest full year SG&A since 2006; Full year consolidated Adjusted EBITDA1 of $800 million, a 25% improvement over the prior year; Consolidated Net Leverage2 for fiscal 2015 of 5.0x, a reduction of 1.3x

WAYNE, NJ, 2016-Mar-14 — /EPR Retail News/ —  Toys“R”Us, Inc. today reported financial results for the fourth quarter and full year of fiscal 2015 ended January 30, 2016.  Consolidated Adjusted EBITDA was $800 million for the full year, a $158 million improvement.  The Domestic segment showed continued improvement in operating performance for the fourth quarter and full year and International segment same store sales grew for the eighth consecutive quarter.  Since the inception of the “Fit for Growth” initiative in 2014, the Company has realized $307 million in savings, with the balance of the $325 million target expected to be achieved by the end of fiscal 2016.

“I am very encouraged by our positive consolidated same store sales in what was a very competitive marketplace,” said Dave Brandon, Chairman and Chief Executive Officer, Toys“R”Us, Inc.  “Throughout the year, and especially during the holiday season, we focused on improving our execution to deliver a positive and memorable shopping experience to our customers.  We significantly improved our performance, but we can and will make further progress on our quest to achieve flawless execution in every aspect of our operations.  We grew Adjusted EBITDA by 25% by successfully executing a number of key initiatives while continuing to take advantage of the progress we’ve made to right-size our cost structure.”

Fourth Quarter Fiscal 2015 Highlights

  • Consolidated same store sales were up 2.3%.  International had growth of 3.9% mainly attributable to an increase in the learning category, partially offset by a decline in the entertainment category (which includes electronics, video game hardware and software).  Domestic had growth of 1.2% over the prior year period primarily due to an increase in the core toy and learning categories, partially offset by a decline in the entertainment and baby categories.
  • Consolidated net sales were $4,853 million, a decrease of $130 million compared to the prior year period.  Excluding a $169 million negative impact from foreign currency translation, net sales increased $39 million, mainly attributable to same store sales growth in both the International and Domestic segments, partially offset by Domestic store closures.
  • Gross margin dollars were $1,657 million, compared to $1,688 million for the prior year period, a decrease of $31 million.  Excluding a $60 million negative impact from foreign currency translation, gross margin dollars increased by $29 million.  Gross margin rate was 34.1%, an increase of 0.2 percentage points versus the prior year period.  Domestic gross margin rate increased by 0.3 percentage points primarily due to a shift in sales mix away from lower margin entertainment products, partially offset by an increase in shipping costs due to higher e-commerce sales volume.  International gross margin rate increased by 0.3 percentage points as a result of margin improvements associated with the learning and entertainment categories, partially offset by increased cost of U.S. dollar denominated merchandise purchases.
  • SG&A decreased by $46 million to $1,143 million, compared to $1,189 million in the prior year.  Excluding a $35 million favorable impact from foreign currency translation, SG&A decreased by $11 million, primarily due to a $21 million decrease in payroll expenses, partially offset by a favorable legal settlement of $12 million in the prior year.
  • Operating earnings were $447 million, compared to $417 million in the prior year period.  Domestic segment operating earnings improved by $31 million, primarily as a result of SG&A savings compared to the prior year period.  Excluding a $21 million negative impact from foreign currency translation, International segment operating earnings improved by $35 million mainly as a result of an increase in gross margin dollars due to higher net sales compared to the prior year period.  Corporate overhead increased by $15 million.
  • Adjusted EBITDA1 improved by $45 million to $574 million, compared to $529 million in the prior year period.
  • Net earnings were $276 million, compared to $265 million in the prior year period, an improvement of $11 million.

Full Year Fiscal 2015 Highlights

  • Consolidated same store sales increased by 0.9% due to International same store sales growth of 3.2%, which was driven by improvement in the learning and baby categories, partially offset by a decline in entertainment.  Domestic same store sales decreased by 0.6% due to a decline in the entertainment and baby categories, partially offset by increases in core toy and learning categories.
  • Consolidated net sales were $11,802 million, a decrease of $559 million compared to the prior year.  Excluding a $571 million negative impact of foreign currency translation, net sales were up predominantly due to increases in same store sales in the International segment, partially offset by a decline in same store sales in the Domestic segment.  Net sales also benefited from new stores Internationally, offset by Domestic store closures.
  • Gross margin dollars were $4,226 million, compared to $4,430 million for the prior year, a decrease of $204 million.  Excluding a $215 million negative impact from foreign currency translation, gross margin dollars increased by $11 million.  Gross margin rate remained consistent at 35.8%.
  • SG&A decreased by $322 million to $3,593 million, compared to $3,915 million in the prior year.  Excluding a $174 million favorable impact from foreign currency translation, SG&A decreased by $148 million, primarily due to an $81 million decrease in payroll expenses, a $40 million decline in advertising and promotional expenses and a $16 million decrease in occupancy costs, predominantly as a result of Domestic store closures.
  • Operating earnings were $378 million, compared to $191 million in the prior year.  Domestic segment operating earnings improved by $152 million, primarily as a result of SG&A savings compared to the prior year period.  Excluding a $22 million negative impact from foreign currency translation, International segment operating earnings improved by $64 million primarily as a result of an increase in gross margin dollars due to higher net sales compared to the prior year.  Corporate overhead increased by $7 million.
  • Adjusted EBITDA1 was $800 million, compared to $642 million in prior year, an improvement of $158 million.
  • Net loss was $130 million, compared to a net loss of $292 million in the prior year period, an improvement of $162 million.

In closing Mr. Brandon stated, “We have an exciting and challenging year ahead of us.  We believe we can continue the positive momentum we have built by executing our four strategic pillars: grow and build our brands throughout the world, create a world class experience for our customers, create a strong financial foundation and make talent and culture a competitive advantage.  I am proud of the hard work that all of our team members have put in to get us to this point and I look forward to continuing on our path forward.”

Capital Spending and Depreciation

  • For the full year, capital spending was $219 million, compared to $207 million in the prior year, an increase of $12 million.
  • Depreciation expense was $343 million, a decrease of $34 million, which included a $14 million benefit from foreign currency translation.

Liquidity and Debt

The Company, including Toys“R”Us-Delaware, Inc., ended the year with total liquidity of $1.8 billion, which was relatively consistent with last year.  This was comprised of cash and cash equivalents of $680 million and availability under committed lines of credit of $1.1 billion.  Toys“R”Us-Delaware, Inc. ended the year with $1,023 million of liquidity, a $54 million improvement from last year.  This was comprised of cash and cash equivalents of $139 million and availability under its revolving line of credit of $884 million.

Total debt was $4.7 billion, a decrease of $45 million from the prior year.

A summary of the “Fit for Growth” initiative is set forth at the end of this press release.

1 A detailed description and reconciliation of EBITDA and Adjusted EBITDA for Toys“R”Us, Inc. and Toys“R”Us-Delaware, Inc., and management’s reasons for using these measures, are set forth at the end of this press release.

2 Net Leverage represents total debt outstanding less cash and cash equivalents and restricted cash attributed to debt as of the end of the year, divided by full year Adjusted EBITDA.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands.  Merchandise is sold in 866 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 750 international stores and over 245 licensed stores in 37 foreign countries and jurisdictions.  In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys at FAO.com.  With its strong portfolio of e-commerce sites including Toysrus.com andBabiesrus.com, it provides shoppers with a broad online selection of distinctive toy and baby products.  Headquartered in Wayne, NJ, Toys“R”Us, Inc. has an annual workforce of approximately 62,000 employees worldwide.  The Company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need.  Additional information about Toys“R”Us, Inc. can be found onToysrusinc.com.

Forward-Looking Statements
All statements that are not historical facts in this press release, including statements about our beliefs or expectations, are forward-looking statements.  These statements are subject to risks, uncertainties and other factors, including, among others, the seasonality of our business, competition in the retail industry, changes in our product distribution mix and distribution channels, general economic factors in the United States and other countries in which we conduct our business, consumer spending patterns, birth rates, our ability to implement our strategy including implementing initiatives for season, our ability to recognize cost savings, implementation and operation of our new e-commerce platform, marketing strategies, the availability of adequate financing, access to trade credit, changes in consumer preferences, changes in employment legislation, our dependence on key vendors for our merchandise, political and other developments associated with our international operations, costs of goods that we sell, labor costs, transportation costs, domestic and international events affecting the delivery of toys and other products to our stores, product safety issues including product recalls, the existence of adverse litigation, changes in laws that impact our business, our substantial level of indebtedness and related debt-service obligations, restrictions imposed by covenants in our debt agreements and other risks, uncertainties and factors set forth in our reports and documents filed with the Securities and Exchange Commission (which reports and documents should be read in conjunction with this press release).  In addition, we typically earn a disproportionate part of our annual operating earnings in the fourth quarter as a result of seasonal buying patterns and these buying patterns are difficult to forecast with certainty.  We believe that all forward-looking statements are based on reasonable assumptions when made; however, we caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes and that, accordingly, one should not place undue reliance on these statements.  Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update these statements in light of subsequent events or developments unless required by the Securities and Exchange Commission’s rules and regulations.  Actual results and outcomes may differ materially from anticipated results or outcomes discussed in any forward-looking statement.

# # #

For more information please contact:

Lenders and Note Investors:

Chetan Bhandari, Senior Vice President, Corporate Finance & Treasurer at 973-617-5841 orChetan.Bhandari@toysrus.com

Media:

Corporate Communications at 973-617-5900 or press@toysrus.com

Toys“R”Us announces the appointment of Amy von Walter as EVP, Global Communications and Public Relations

WAYNE, NJ, 2016-Mar-09 — /EPR Retail News/ — Toys“R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today announced that Amy von Walter will join the company as Executive Vice President, Global Communications and Public Relations, effective March 14. She will report directly to Chairman and CEO Dave Brandon.

Ms. von Walter comes to Toys“R”Us from Best Buy where she was Vice President of Communications and Public Affairs. There, she led the corporate communications and brand public relations functions, restructured the company’s Internal Communications team and partnered closely with the Corporate Social Responsibility, Community Relations and Government Affairs to support policy and advocacy efforts.

In her new role, Ms. von Walter’s responsibilities will span both external and internal communications for the company. This includes strategic efforts related to media relations, crisis management and brand reputation in the public and the press, as well as special events and team member engagement. She will also lead philanthropic efforts, emphasizing the company’s commitment to keeping children safe and helping them in times of need.

“Communications touches every aspect of our business and is especially critical as we strive to grow our brand presence throughout the world and make our culture a competitive advantage,” said Mr. Brandon. “Amy brings proven leadership experience at several global brands where she strategically and effectively communicated with key stakeholders. I am confident that she will be a strong collaborator across all of our company functions and that she will provide valuable guidance as we seek to expand the depth and breadth of our communications reach.”

Ms. von Walter serves as a member of the Board of Directors for two organizations: Athletes Committed to Educating Students (ACES), which aims to reduce the academic achievement gap and improve the future for at-risk students in Minneapolis and St. Paul, MN, as well as Techbridge, which strives to inspire girls in underserved communities to discover a passion for science, technology and engineering.

Previously, Ms. von Walter held leadership positions in public relations, public affairs and corporate communications at Medtronic, HealthPartners, the U.S. Department of Homeland Security and the Metropolitan Airports Commission. She has also worked for Target Corporation and CBS Radio.

Ms. von Walter earned her bachelor’s degree in broadcast journalism and public relations from the University of Minnesota.

FOR MEDIA USE: Download a photo of Amy von Walter here: https://toysrus.sharefile.com/d-sb1c645259fc44009.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 865 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 750 international stores and more than 245 licensed stores in 37 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys at FAO.com. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. has an annual workforce of approximately 62,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us and Babies“R”Us on Facebook at Facebook.com/Toysrus and Facebook.com/Babiesrus and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

# # #

Media Contacts:
Toys“R”Us, Inc.
Elizabeth Gaerlan
973-617-5632
Elizabeth.Gaerlan@toysrus.com

Alyssa Peera
973-617-5634
Alyssa.Peera@toysrus.com

Toys“R”Us, Inc. announces the retirement of Monika Merz, president of Toys“R”Us, Asia Pacific, effective May 31, 2016

WAYNE, NJ and TOYKO, JAPAN, 2016-Mar-01 — /EPR Retail News/ — Toys“R”Us, Inc. today announced the retirement of Monika Merz, president of Toys“R”Us, Asia Pacific, effective May 31, 2016. Her successor will be named at a future date.

As President, Toys“R”Us, Asia Pacific, Monika Merz oversees all operations and business activities for the company’s more than 300 stores in Japan, Southeast Asia, Greater China and Australia. In this role, she has been responsible for the continued growth, profitability and success of the company in these markets. Since she started working at Toys“R”Us, Ms. Merz has been instrumental in the development of new store formats and merchandising concepts that have been successfully translated to other markets, ultimately strengthening the company’s position in the global marketplace.

Dave Brandon, Chairman and CEO, Toys“R”Us, Inc. said, “I want to take this opportunity to express my heartfelt gratitude to Monika and to acknowledge her many contributions during her years with the company. She is a highly regarded leader who has inspired new ideas, demonstrated innovative thinking and unwavering passion for the business and grown our Toys“R”Us brand internationally, even through challenging times and market transitions.”

Ms. Merz’s retirement will bring to a close a remarkable career of nearly 20 years of continuous service to the company. She joined in 1996 as Vice President and General Manager, Toys“R”Us, Canada and was promoted to President, Toys“R”Us, Canada four years later. In 2007, Ms. Merz assumed leadership of Toys“R”Us, Japan. Her role was expanded to include responsibility for the company’s stores in Australia in 2011, and, later that year, Ms. Merz gained oversight of the company’s locations and corporate offices in Southeast Asia and Greater China when the company entered a joint venture agreement with Li & Fung to operate these formerly licensed stores.

“During my time at Toys“R”Us I’ve had many experiences and challenges, but I’ve always been supported by exceptional teams and leaders,” said Ms. Merz. “I’m proud of all that we have accomplished and confident that the work we have done to provide a fun and memorable shopping experience for customers will continue after my retirement. After more than eight years in Asia Pacific, I’m now looking forward to returning to Canada and a new stage in my life.”

FOR MEDIA USE: Download a photo of Monika Merz here: https://toysrus.sharefile.com/d-sc990c6c02f645e49.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 856 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 755 international stores and more than 250 licensed stores in 38 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys at FAO.com. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. has an annual workforce of approximately 66,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us and Babies“R”Us on Facebook at Facebook.com/Toysrus andFacebook.com/Babiesrus and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

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Media Contacts:
Toys“R”Us, Inc.
Elizabeth Gaerlan
973-617-5632
Elizabeth.Gaerlan@toysrus.com

Alyssa Peera
973-617-5634
Alyssa.Peera@toysrus.com

Toys“R”Us® launches its brand-new ‘Play With Purpose’ fundraising and awareness campaign in partnership with Save the Children

15.5 Million U.S. Children Live in Poverty; Many Lack Playtime in Their Daily Lives; 10 Minutes of Play Improves Children’s Performance; Play Enhances the Progress of Early Development by 34%

Wayne, NJ, 2016-Feb-18 — /EPR Retail News/ — Toys“R”Us® today announced the launch of its brand-new ‘Play With Purpose’fundraising and awareness campaign in partnership with Save the Children – the leading nonprofit working to ensure every U.S. child is healthy, safe and learning. Together, Toys“R”Us and Save the Children are embarking on a mission to provide some of the 15.5 million youth living in impoverished regions of the country with opportunities and resources to integrate purposeful play into their everyday lives; a factor proven critical in children’s emotional, physical and cognitive development and future growth. Now through April 17, customers can make cash donations at any Toys“R”Us or Babies“R”Us® store, or online at Toysrus.com/PlayWithPurpose to help bring learning through play to kids in need.

CLICK TO TWEET: Join @Toysrus and @SavetheChildren to bring #playwithpurpose to the 15.5M U.S. kids in need. Donate today: www.toysrus.com/playwithpurpose

The company’s Play With Purpose campaign is designed to support Save the Children’s early childhood development programs – Early Steps to School Success, Literacy/Healthy Choices and the SummerBoost Initiative – which help children in some of America’s most underprivileged areas thrive. To further assist families involved in the Early Steps program, a targeted approach to enhancing school readiness for children ages 0-5, Toys“R”Us will provide Save the Children with “play packs” filled with toys that build key skills and encourage socialization, along with informational materials to educate parents on the benefits of engaging with children during play.

“Witnessing a child’s face light up during playtime is a truly awesome moment. What’s more, play can help children unlock developmental skills, instill confidence and enhance imagination – the building blocks to success,” said Dave Brandon, Chairman and CEO, Toys“R”Us, Inc. “To know that millions of children living in poverty do not have access to play – whether due to limited family resources or knowledge about the importance of play – is heartbreaking. Together with Save the Children, and with the support of our team members and customers nationwide, we will strive to ensure all kids are provided opportunities to play with purpose.”

“Play enhances early childhood development, improving language skills and a child’s social, emotional and physical well-being. That’s why daily playtime is so important,” said Judie Jerald, Senior Advisor for Early Childhood Education Policy at Save the Children Action Network. “Having conducted many in-home visits, I’ve witnessed first-hand the monumental benefits families experience with the basic integration of play in their daily lives – from overcoming behavioral issues, to improving independent learning. Now, with Toys“R”Us providing toys and resources to directly facilitate meaningful play, we can help children foster a love of learning and realize achievements – in school and life – that they and their parents never thought possible.”

Families Face the Facts, Embrace Play and See Results

Through the good work of Save the Children’s early childhood development programs and field representatives, underprivileged families from Washington to South Carolina are able to reap the benefits of hands-on involvement, as they embrace unstructured playtime in their homes. Statistics serving as the foundation of this campaign include:

  • Play builds the foundation for a lifetime of learning
  • Pretend play with a child from 8 to 17 months old is linked to higher intellect at age 5
  • Young children benefit from interaction, babbling, facial expressions and gestures, the absence of such responses from adults can lead to disparities in learning and behavior
  • In one study, children age 1 ½ to 2 ½ who were provided sets of plastic building bricks had significantly higher language scores six months later
  • Even 10 minutes of play can improve a child’s performance, may encourage thinking and successfully controls behavior
  • Children with access to a variety of toys reach higher levels of intellectual achievement

*Visit http://www.toysrusinc.com/charitable-giving/play-with-purpose/works-cited for a full list of citations and resources.

Visit the Toys“R”Us YouTube Channel to view a video series that provides an inside look at some of the children and families positively impacted by Play With Purpose and join the conversation with @Toysrus, @Babiesrus and@SaveTheChildren using #PlayWithPurpose.

For more than a decade Toys“R”Us and Save the Children have partnered to bring awareness and much-needed funding to children in need in the U.S. and around the world. Financial support totaling more than $7.6 million – including donations from customers, Toys“R”Us and the Toys“R”Us Children’s Fund – has helped the organization provide thousands of blankets to babies in impoverished regions in the U.S., benefited Save the Children’s early childhood development programs and offered critical assistance during times of crises.

To kick off the 2016 Play With Purpose campaign, the Toys“R”Us Children’s Fund awarded Save the Children with a $100,000 grant.

Click HERE to download images related to the Play With Purpose campaign.

Charitable Giving at Toys“R”Us

The philanthropic mission of Toys“R”Us, Inc. and the Toys“R”Us Children’s Fund is to keep children safe and help them in times of need. The Toys“R”Us Children’s Fund contributes millions of dollars annually to various children’s organizations, including those providing disaster relief to victims of large-scale crises, as well as those supporting America’s military families. The Fund also provides grants to leading special needs organizations, furthering the company’s commitment to children of all abilities. In addition to financial and product donations, Toys“R”Us, Inc. hosts in-store and online fundraising campaigns annually that raise millions of dollars for the company’s signature philanthropic partners.

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Media Contacts:
Toys“R”Us, Inc.
Adrienne O’Hara
973-617-4383
Adrienne.Ohara@toysrus.com

Nicole Hayes
973-617-4371
Nicole.Hayes@toysrus.com

Toys“R”Us celebrates the opening of its 100th store in China

The World’s Leading Dedicated Toy and Baby Products Retailer Strengthens Its Brand Presence and Position in Growth Market; Company Celebrates Milestone Achievement with Grand Opening of New Store in Beijing, Featuring the Latest Technology, Interactive Displays and the Hottest Toys, Making Toys“R”Us THE Toy Destination in the Capital

BEIJING, CHINA, 2016-Jan-20 — /EPR Retail News/ — Ten years after first entering the market, Toys“R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today announced that the company has opened its 100th store in China. The milestone achievement was marked by a grand opening celebration event that took place Saturday, January 16, at the APM Shopping Mall in Wang Fu Jing, one of the leading retail districts in Beijing, where Toys“R”Us®opened one of its 27 new stores across the country within the past year.

“It’s our mission to be the best toy and baby products retail company in the world, and international expansion, particularly throughout China and Southeast Asia, continues to be an important part of our long-term growth strategy,” said Dave Brandon, Chairman and CEO, Toys“R”Us, Inc. “The opening of the 100th store in China represents a significant achievement for our business as it allows us to meet the increasing demand for high-quality children’s products and family entertainment experiences in this market.”

Toys“R”Us opened its first store in China in 2006 and currently operates in 44 cities throughout the country, including six where the company established a presence for the first time last year. China has been one of the most important markets for the company’s global expansion plans, and growth in this region is expected to continue with the planned opening of more than 30 new Toys“R”Us stores in 2016.

“The grand opening of our 100th store is a major milestone for Toys“R”Us on our exciting journey in China,” said Andre Javes, Managing Director, Toys“R”Us, Greater China and Southeast Asia. “What differentiates Toys“R”Us as a specialty toy retailer is the memorable shopping experience we provide for our customers. This includes a combination of the widest assortment of toys and baby products, including exclusive items not available anywhere else in the market, fun store layouts, interactive in-store experiences, product displays and demonstrations, activities and more.”

Attending the iconic 100th store opening ceremony in the heart of the Capital were: Dave Brandon, Chairman and CEO, Toys“R”Us, Inc.; Dr. Victor Fung, Group Chairman, Fung Group; Monika Merz, President, Toys“R”Us, Asia Pacific; Pieter Schats, Executive Director of Fung Retailing Ltd; and Andre Javes, Managing Director, Toys“R”Us, Greater China and Southeast Asia, along with many important business partners and executives from the toy industry.

As part of the grand opening, families were also invited to meet and greet popular mascots such as Geoffrey the Giraffe, Ultraman, Barbie, Ninjago Kai, Balala Emma and more.

Toys“R”Us at Beijing APM Shopping Mall Features Innovative Retail Environment
The new store showcases the very latest in “retailtainment,” digital technology and customer interaction, making shopping at Toys“R”Us a unique and fun experience for kids and adults alike.

Upon entering the store, customers are immediately immersed into the world of Star Wars: The Force Awakens – the first-ever Star Wars movie released on the big screen in Chinese theaters – with life-size characters and dramatic scenes from the movie. Shoppers will also find interactive displays from LEGO® and TOMICA, a Balala magical mirror and more.

Customers can further interact with the huge, 70-inch digital screen at the store entrance, enabling them to browse through promotional items, make purchases, take “selfies” with special photo frames, play games and easily become members of the company’s “Star Card” loyalty program.

The Toys“R”Us store at Beijing APM also brings amazing exclusive products and assortments, which are not available anywhere else in the market. These private brands offer great value, quality and innovation from the Toys“R”Us brand consumers know and trust, and include FastLane®, Dream Dazzlers®, Universe of Imagination, Pavilion®, Just Like Home®, Edu Science®, You & Me, STATs® and Avigo®.

In addition, consumers will find various new features throughout the APM mall, sponsored by Toys“R”Us.

Toys“R”Us in China
Toys“R”Us has been the leading dedicated retailer of toys and baby products around the world for more than 65 years. Toys“R”Us opened its first licensed store in Shanghai, China in 2006, and since then, has continued to expand aggressively in the country. In 2011, Toys“R”Us, Inc. formed a joint venture with its long-term license partner in China and Southeast Asia, Fung Retailing Ltd, for its businesses in the region, with stores in Brunei, China, Hong Kong, Malaysia, Singapore, Taiwan and Thailand, and became 70 percent majority owned and controlled by Toys“R”Us, Inc. and 30 percent owned by Fung Retailing Ltd.

As of January 2016, the company has 100 stores in 44 cities across China, including: Beijing, Shanghai, Shenzhen, Chengdu, Chongqing, Hangzhou, Ningbo, Jiaxing, Jinhua, Shangyu, Nanjing, Suzhou, Nantong, Wuxi, Changzhou, Yancheng, Kunshan, Harbin, Shenyang, Changchun, Dalian, Tianjin, Baoding, Tangshan, Shijiazhuang, Zhengzhou, Jinan, Yantai, Zibo, Qingdao, Hefei, Wuhan, Changsha, Luzhou, Ganzhou, Xi’an, Kunming, Nanning, Guangzhou, Xiamen, Fuzhou, Zhuhai, Jinjiang and Zhongshan.

Enhanced e-Commerce Business and Omnichannel Capabilities in the Chinese Mainland
Toys“R”Us launched a T-mall Store in April 2012 and its own dedicated e-commerce website at Toysrus.com.cn at the end of the same year. Toys“R”Us, China also operates a mobile-optimized website, enabling tech-savvy consumers across the country to easily shop while on-the-go. Additionally, the company uses its “Ship from Store” capabilities to effectively transform the country’s existing Toys“R”Us stores into mini distribution centers by leveraging their inventory to fulfill online purchases.

Now, millions of Mainland customers can access a wide assortment of toys, along with product authenticity and a toy safety guarantee from Toys“R”Us.

Full Range of Toys
Toys“R”Us provides a broad assortment of products from trusted domestic and international brands for children and their parents in China. Stores feature enticing product displays, demonstrations, “see-me touch-me” packaging, and a large number of products that are only available at Toys“R”Us. All products are made to the highest quality standards and have passed all required safety tests.

As a global retailer, Toys“R”Us ensures country-by-country shopping patterns are taken into account at the local market level. Parents in China place great importance on the educational value of toys that help children learn and develop skills while they play. Within its Learning category, Toys“R”Us provides among the most comprehensive and widest selection of educational toys, including many uniquely designed by the company’s in-house team. These toys encourage skill development such as learning languages, mathematics, geography, color-differentiation and coordination.

Digital and New Media Platforms
Digital and new media is a booming business across China, with rapid growth of brands and stores across e-commerce websites and online instant messaging platforms.

Mr. Javes also commented, “Toys“R”Us has 1 million followers in WeChat and continues to grow. WeChat followers have been expanding rapidly within the recent two years and we are seeing more than 80 percent of members join in our “Star Card” Membership Program via this social platform, where they can easily play our WeChat game, get the latest promotional information and explore bonus features, which enhance the fun of digital interaction. Along with the fast development of digital platforms such as mobile internet in China, we will continue to engage and excite our consumer on all their digital devices.”

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 863 Toys“R”Us and Babies“R”Us® stores in the United States and Puerto Rico, and in more than 755 international stores and more than 250 licensed stores in 38 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz® brand and sells extraordinary toys at FAO.com. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, it provides shoppers with a broad online selection of distinctive toys and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. has an annual workforce of approximately 66,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com.

In Asia, Toys“R”Us currently operates more than 400 stores in Japan, Singapore, Thailand, Malaysia, Hong Kong SAR, Taiwan, Brunei and mainland China, as well as licensed stores in Macau, South Korea and the Philippines.

About Fung Retailing Limited
The retailing businesses of privately-held Fung Retailing Limited extend from Great China to Korea, Singapore, Malaysia, Thailand and the Philippines through a combined network of over 3,000 stores. They include stores operated separately and independently by publicly-listed Convenience Retail Asia Limited (SEHK:00831) and Trinity Limited (SEHK:00891), as well as the privately-held Branded lifestyle Holding Limited, Suhyang Networks Company Limited and UCCAL Fashion Group. Fung Retailing employs over 18,000 staff, and its turnover exceeded US$1.8billion in 2014.

Note to Editors: Privately-held Fung Retailing Limited is totally separate from the publicly-listed company Li & Fung Limited.

Forward-Looking Statements
All statements that are not historical facts in this press release, including statements about our beliefs or expectations, are forward-looking statements. These statements are subject to risks, uncertainties and other factors, including, among others, the seasonality of our business, ability to open new locations in licensed markets and operated markets, competition in the retail industry, changes in our product distribution mix and distribution channels, general economic factors in the United States and other countries in which we conduct our business, consumer spending patterns, birth rates, our ability to implement our strategy including implementing initiatives for season, our ability to recognize cost savings, marketing strategies, the operation of our e-commerce platform, the availability of adequate financing, access to trade credit, changes in consumer preferences, changes in employment legislation, our dependence on key vendors for our merchandise, political and other developments associated with our international operations, costs of goods that we sell, labor costs, transportation costs, domestic and international events affecting the delivery of toys and other products to our stores, product safety issues including product recalls, the existence of adverse litigation, changes in laws that impact our business, our substantial level of indebtedness and related debt-service obligations, restrictions imposed by covenants in our debt agreements and other risks, uncertainties and factors set forth in our reports and documents filed with the Securities and Exchange Commission (which reports and documents should be read in conjunction with this press release). In addition, we typically earn a disproportionate part of our annual operating earnings in the fourth quarter as a result of seasonal buying patterns and these buying patterns are difficult to forecast with certainty. We believe that all forward-looking statements are based on reasonable assumptions when made; however, we caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes and that, accordingly, one should not place undue reliance on these statements. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update these statements in light of subsequent events or developments unless required by the Securities and Exchange Commission’s rules and regulations. Actual results and outcomes may differ materially from anticipated results or outcomes discussed in any forward-looking statement.

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Media Contacts:
Toys“R”Us, Inc.
Elizabeth Gaerlan
973-617-5632
Elizabeth.Gaerlan@toysrus.com

Alyssa Peera
973-617-5634
Alyssa.Peera@toysrus.com

Toys“R”Us announces same store sales for the five-week and nine-week periods ended January 2, 2016

WAYNE, NJ, 2016-1-11 — /EPR Retail News/ — Toys“R”Us, Inc. today reported its same store sales for the five-week and nine-week periods ended January 2, 2016.  The five-week period refers to November 29, 2015 to January 2, 2016, as compared to November 30, 2014 to January 3, 2015 in the prior year.  The nine-week period refers to November 1, 2015 to January 2, 2016, as compared to November 2, 2014 to January 3, 2015 in the prior year.

For the five-week and nine-week periods ended January 2, 2016, Consolidated same store sales increased 3.7% and 2.0%, respectively.  These figures exclude the impact of foreign currency translation.

Dave Brandon, Chairman and Chief Executive Officer, Toys“R”Us, Inc., said, “Our positive holiday same store sales results demonstrate our ability to execute our holiday plan in a highly competitive marketplace.  We successfully maintained a strong in-stock position on the hottest toys while offering customers competitive prices and an extensive merchandise assortment, both in stores and online.  I am pleased with our holiday performance and am extremely proud of the hard work that our team members have put in to deliver an enjoyable shopping experience to our customers.”

Domestic

For the five-week and nine-week periods ended January 2, 2016 same store sales increased 2.9% and 1.4%, respectively, with particular strength in online sales.  The core toy, learning and seasonal categories generated the strongest same store sales growth, partially offset by a decline in the entertainment (which includes electronics, video game hardware and software) category.

International

For the five-week and nine-week periods ended January 2, 2016 same store sales increased 5.1% and 3.1%, respectively.  The positive same store sales results were led by Canada and Japan, partially offset by some softness in Europe.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands.  Merchandise is sold in 863 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 755 international stores and over 250 licensed stores in 38 foreign countries and jurisdictions.  In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys at FAO.com.  With its strong portfolio of e-commerce sites including Toysrus.com andBabiesrus.com, it provides shoppers with a broad online selection of distinctive toy and baby products.  Headquartered in Wayne, NJ, Toys“R”Us, Inc. has an annual workforce of approximately 66,000 employees worldwide.  The Company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need.  Additional information about Toys“R”Us, Inc. can be found onToysrusinc.com.

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For more information please contact:

Lenders and Note Investors:

Chetan Bhandari, Senior Vice President, Corporate Finance & Treasurer at 973-617-5841 or Chetan.Bhandari@toysrus.com

Media:

Corporate Communications at 973-617-5900 or press@toysrus.com

Toys“R”Us to hire 40,000 employees as the company prepares for another busy holiday shopping season

Holiday Workforce to Join Seasoned #ToyExperts to Staff Company’s Stores and Distribution Centers Across the Country, Helping Fulfill Gift-Givers’ Needs; Dedicated Holiday Hiring Website, Toysrusinc.com/careers/holiday, Serves As One-Stop Shop for Career Information

WAYNE, NJ, 2015-9-18 — /EPR Retail News/ — Toys“R”Us® today announced plans to hire 40,000 employees at its stores and distribution centers throughout the country as the company prepares for another busy holiday shopping season. With a focus on meeting the needs of both its customers and workforce, Toys“R”Us will offer seasonal workers the opportunity to take on significantly more hours than in previous years, while also continuing to provide extra hours to current employees. And, with additional time spent on-the-job, the company’s holiday hires will be fully-equipped to share their knowledge and skills to help ensure customers can check off everything on their little ones’ wish lists.

Click to Tweet:.@Toysrus is #hiring for the holidays! Learn more & apply now –www.toysrusinc.com/careers/holiday

“Our expanded workforce, together with our more tenured toy experts, plays a pivotal role in ensuring we provide an exceptional experience for shoppers in search of gifts that will bring huge smiles to the children in their lives,” said Dave Brandon, Chairman and CEO, Toys“R”Us, Inc. “We are seeking enthusiastic, highly motivated and customer-focused individuals to join our team during this busy, but very exciting time of year. Our seasonal staff helps us make parents, grandparents, aunts and uncles holiday heroes, and we are proud that many members of our workforce began as seasonal employees and have remained with us as they grow their careers.”

Interviewing for seasonal positions at Toys“R”Us stores begins this month with new hires starting work in October. Staffing will continue to build through December. Positions range from sales employees and stock crew to omnichannel fulfillment teams.

Employment opportunities are also available at the company’s distribution centers nationwide, where hiring is currently underway and will continue through November. Full- and part-time openings include warehouse workers in the receiving, storage and shipping departments, online order fulfillment coordinators and department managers.

Most holiday jobs are part-time, offering employees flexible work schedules throughout the week. Seasonal store employees will average 18 to 20 hours per week, and up to 30 hours during peak season, dependent on an individual’s availability. Applications are being accepted now via the company’s dedicated Holiday Hiring website, Toysrusinc.com/careers/holiday, which also serves as a go-to resource for job seekers interested in learning more about the exciting, fast-paced and rewarding seasonal positions available at Toys“R”Us. As an equal opportunity employer, the company is committed to workplace diversity and welcomes all qualified individuals to apply.

High-performing seasonal workers have an opportunity not only to bring happiness to children and families during the holidays, but all year round. Last year, 20 percent of the company’s seasonal workforce secured positions after Christmas, choosing Toys“R”Us to help further their careers. In fact, a number of seasonal workers who have excelled in their roles have transitioned to full-time management positions as well.

#ToyExperts Share Their Passions to Bring Joy to Children

When visiting the ultimate toy destination, shoppers rely on the expertise of toy-trained employees as they begin the quest to fulfill their little ones’ wish lists.

Throughout the holiday season, Toys“R”Us will leverage its social channels to feature unique stories of employees from across the country who help make Toys“R”Us THE toy authority by harnessing their inner passions to inspire little ones and spread holiday cheer. Potential applicants and social media users are encouraged to learn more and join the conversation using #ToyExperts on the company’s Careers channels: Facebook.com/Ruscareers, @ToysrusCareers onTwitter and Instagram and LinkedIn, as well as the official Toys“R”Us Twitter and Instagram accounts, @Toysrus.

To download high-resolution photos of Toys“R”Us employees in stores, conducting daily duties, as well as holiday hiring signage, please click here.

For company news and updates throughout the season, please visit “R” Holiday Press Room.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 864 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 730 international stores and over 240 licensed stores in 38 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys at FAO.com. With its strong portfolio of e-commerce sites including Toysrus.com, Babiesrus.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 66,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrus, Twitter.com/Babiesrus and Twitter.com/FAOSchwarz.

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Media Contacts:
Toys“R”Us, Inc.
Alyssa Peera
973-617-5634
alyssa.peera@toyrus.com

Charles Ferrer
973-617-4947
Charles.Ferrer@toysrus.com

Tim Grace appointed Executive VP Global Chief Talent Officer Toys“R”Us

WAYNE, NJ, 2015-9-16 — /EPR Retail News/ — Toys“R”Us, Inc. announced that it has named Tim Grace as Executive Vice President, Global Chief Talent Officer, effective today. In this role, Mr. Grace will oversee all global human resources functions, including organizational design, talent acquisition, succession planning, learning, change management and labor and employee relations, as well as compensation and benefits. He will report to Dave Brandon, Chairman and CEO, Toys“R”Us, Inc.

“Tim is a passionate leader who cares deeply about developing high-performing teams,” said Mr. Brandon. “In championing our 66,000 employees around the world, we believe Tim will help make our company’s culture and talent a competitive advantage, and we are pleased to welcome him as a key member of our leadership team.”

Mr. Grace previously served as Group Vice President, Human Resources, L’Oreal Group, where he led all human resources functions across North and South America. Prior to that, he spent 12 years at Schindler Elevator Corporation as Senior Vice President, Human Resources and Administration. In this role, Mr. Grace was responsible for human resources in the Americas, and led many initiatives designed to ensure innovative and progressive human resources practices throughout the entire global organization.

Earlier in his career, Mr. Grace held various senior human resources roles at Wise Foods, Diageo (formerly Grand Metropolitan) and in the Frito Lay division of PepsiCo. He received a bachelor’s degree in industrial psychology from the State University of New York at Fredonia and Master of Science in Industrial and Labor Relations from West Virginia University.

To download a high-resolution headshot of Tim Grace, please visit: https://toysrus.sharefile.com/d-s0dd29d4b5a743689

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 864 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 730 international stores and over 240 licensed stores in 37 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys at FAO.com. With its strong portfolio of e-commerce sites including Toysrus.com, Babiesrus.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 66,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus andFacebook.com/FAO and on Twitter at Twitter.com/Toysrus, Twitter.com/Babiesrus and Twitter.com/FAOSchwarz.

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Media Contact:
Toys“R”Us, Inc.
Kathleen Waugh
973-617-5888 or 646-366-8823
waughk@toysrus.com

Toys“R”Us, Inc. to host investor meeting on July 30 to formally introduce Dave Brandon, the company’s new Chairman and CEO

WAYNE, NJ, 2015-7-28 — /EPR Retail News/ — Toys“R”Us, Inc. today announced that it will host an investor meeting on Thursday, July 30 to formally introduce Dave Brandon, the company’s new Chairman and CEO. He and the management team will discuss the company’s Fit for Growth initiative, as it transitions from cost reduction to growth generation.

The meeting will include a discussion of the company’s financial performance, including EBITDA growth and an improved balance sheet. As of May 2, 2015, the company delivered $685 million in Last Twelve Months Adjusted EBITDA, had no significant debt maturities until 2017 and more than $1.1 billion in liquidity. Additionally, the company will address a recent news report that implied there is a lack of support from trade insurers and the erroneous statement that it is seeking to hire a restructuring advisor.

Further details and dial-in information will be forthcoming.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 865 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in 735 international stores and 245 licensed stores in 37 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys atFAO.com. With its strong portfolio of e-commerce sites including Toysrus.com, Babiesrus.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 66,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrus, Twitter.com/Babiesrus and Twitter.com/FAOSchwarz.

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For more information please contact:

Lenders and Note Investors:
Chetan Bhandari, Senior Vice President, Corporate Finance & Treasurer at 973-617-5841 orChetan.Bhandari@toysrus.com

Media:
Kathleen Waugh, Vice President, Corporate Communications at 973-617-5888, 646-366-8823 or waughk@toysrus.com

 

Non-GAAP Disclosure of EBITDA and Adjusted EBITDA

We believe Adjusted EBITDA is useful to investors because it is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.  Investors in the Company regularly request Adjusted EBITDA as a supplemental analytical measure to, and in conjunction with, the Company’s financial data prepared in accordance with accounting principles generally accepted in the United States (“GAAP”).  We understand that investors use Adjusted EBITDA, among other things, to assess our period-to-period operating performance and to gain insight into the manner in which management analyzes operating performance.

In addition, we believe that Adjusted EBITDA is useful in evaluating our operating performance compared to that of other companies in our industry because the calculation of EBITDA and Adjusted EBITDA generally eliminates the effects of financing and income taxes and the accounting effects of capital spending and acquisitions, which items may vary for different companies for reasons unrelated to overall operating performance.  We use the non-GAAP financial measures for planning and forecasting and measuring results against the forecast and in certain cases we use similar measures for bonus targets for certain of our employees.  Using several measures to evaluate the business allows us and investors to assess our relative performance against our competitors.

Although we believe that Adjusted EBITDA can make an evaluation of our operating performance more consistent because it removes items that do not reflect our core operations, other companies, even in the same industry, may define Adjusted EBITDA differently than we do.  As a result, it may be difficult to use Adjusted EBITDA or similarly named non-GAAP measures that other companies may use to compare the performance of those companies to our performance.  The Company does not, and investors should not, place undue reliance on EBITDA or Adjusted EBITDA as measures of operating performance.

A reconciliation of Net loss attributable to Toys “R” Us, Inc. to EBITDA and Adjusted EBITDA for Toys “R” Us, Inc. is as follows:

Toys“R”Us, Inc. to host investor meeting on July 30 to formally introduce Dave Brandon, the company’s new Chairman and CEO

 

(a)     Represents the fees expensed to Bain Capital Partners LLC, Kohlberg Kravis Roberts & Co. L.P. and Vornado Realty Trust (collectively, the “Sponsors”) in accordance with the advisory agreement.
(b)     In fiscal 2014, we revised our definition of Adjusted EBITDA to include non-officers’ severance.
(c)     Represents store closure costs, net of lease surrender payments.  In fiscal 2014, we revised our definition of Adjusted EBITDA to include lease surrender payments.
(d)     Represents the incremental compensation expense related to certain one-time awards and modifications, net of forfeitures of certain officers’ awards.  In fiscal 2014, we revised our definition of Adjusted EBITDA to include the impact of forfeitures of certain officers’ awards.
(e)     Represents the unrealized gain on foreign exchange related to the re-measurement of the portion of the Tranche A-1 loan facility due fiscal 2019 attributed to Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee.
(f)      Represents an incremental gain on previously identified clearance inventory.  In fiscal 2014, we also revised our definition of Adjusted EBITDA to include third party fees associated with our clearance efforts.
(g)     Represents property losses and insurance claims recognized.
(h)     Represents certain litigation expenses and settlements recorded for legal matters.
(i)       Adjusted EBITDA is defined as EBITDA (earnings (loss) before net interest income (expense), income tax expense (benefit), depreciation and amortization), as further adjusted to exclude the effects of certain income and expense items that management believes make it more difficult to assess the Company’s actual operating performance including certain items which are generally non-recurring.  We have excluded the impact of such items from internal performance assessments.  We believe that excluding items such as Sponsors’ management and advisory fees, asset impairment charges, restructuring charges, impact of litigation, noncontrolling interest, net gains on sales of properties and other charges, helps investors compare our operating performance with our results in prior periods.  We believe it is appropriate to exclude these items as they are not related to ongoing operating performance and, therefore, limit comparability between periods and between us and similar companies.