Yule Sales Drop at Toys R Us
NEW YORK — s R Us Inc. said today its sales fell during the holiday shopping season as consumer caution this past Christmas extended even to gifts for children.
Toys R Us, the nation’s largest specialty toy retailer, attributed the difficult season to the same problems that have afflicted other retailers: a drop in consumer confidence, the weakening economy and the Persian Gulf crisis.
“People weren’t shopping like they had been in recent years,” said Angela Bourdon, a Toys R Us spokeswoman.
While the company’s overall sales rose 7.7% from year-earlier levels during the eight weeks before Christmas, sales from its stores open at least a year were down 6%.
Despite the trying season, video games including Nintendo sold well, Bourdon said. She described consumers as “keeping more to a certain amount on their shopping lists.”
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