Retail in Asia

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Toys “R” Us reports USD34m net loss for 2Q11

Top US toy retailer Toys "R" Us on Thursday reported a net loss of USD34 million in the second quarter ended on 30 July 2011, compared to a net loss of USD14m last year.

Comparable store net sales dropped 2.2 percent for both the domestic and international segments although net sales increased 3 percent to USD2.65 billion.

Net sales of the Core Toy and Learning Toy categories rose 15 percent and 11 percent, respectively. The Entertainment category (which includes video game hardware and software) was down 13 percent, reflecting overall softness in the video game industry.