eBay is expanding its global shipping program (GSP) yet again, this time to nine additional countries, including some located in the Middle East and Southeast Asia. eBay is pushing sellers to use the GSP to make their items available to buyers in 44 countries — soon to be 53 — but without having to ship internationally. eBay will add the following nine countries to the GSP program beginning April 8: Saudi Arabia, Ukraine, United Arab Emirates, Kuwait, Qatar, Bahrain, Croatia, Malaysia and Turkey.
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WAYNE, N.J. — The decision to open fewer Express stores during the 2011 holiday selling season, along with a decline in comparable-store sales both in the United States and internationally, contributed to Toys“R”Us's fourth-quarter net sales decline of $47 million to $5.9 billion. On a positive note, the company's new ventures in Greater China and Southeast Asia have offset the sales decline. Toys"R"Us said its strongest performing categories continue to be learning and core toys, while the entertainment category (which includes electronics, video game hardware and software) was the weakest, declining 7.3%. Net earnings were $343 million, an increase
Wayne, N.J. -- Toys “R” Us reported Friday an operating loss of $75 million for the quarter ended Oct. 29, compared with a loss of $62 million in the year-ago period. Adjusted EBITDA was $36 million, compared with $49 million in the prior year. Sales dipped to $2.7 billion from $2.72 billion a year earlier, and same-store sales fell 2.2% domestically and 3.9% internationally. "During the third quarter, we prepared for the upcoming holiday season and took some important steps to position the company for long-term growth," Jerry Storch, chairman and CEO, said, Toys “R” Us acquired a majority
Wayne, N.J. — Toys"R"Us has named the leadership team for its retail business operations in Southeast Asia and Greater China, following the recent announcement of its new joint venture agreement with Li & Fung Retailing. With this agreement, the existing Toys “R” Us business operations in the region, which had previously been licensed, are now majority owned and controlled by Toys “R” Us. Monika Merz, currently president and CEO, Toys"R"Us, Japan has been named president, Toy “R”Us, Asia. In addition to providing ongoing leadership for the Toys“R”Us businesses in Japan and Australia, Merz’s role has been expanded to include
Toys"R"Us and Li & Fung Retailing have established a joint venture for the Toys"R"Us business in Southeast Asia and greater China. Existing Toys"R"Us licensed operations throughout Asia, which includes more than 100 stores and offices across nine markets, will become 70 percent owned by Toys"R"Us and 30 percent owned by Li & Fung Retailing.