Toys “R” Us Australia accumulates USD344m in losses
In this article (5)
Toys “R” Us, the self-described “world’s first toy supermarket”, has racked up accumulated losses of almost AUD450 million (USD343.9m) since arriving in Australia.
The US-based toy and baby products retailer has operated in Australia for more than two decades. It has more than 30 stores, 11 Babies “R” Us Superstores, online operations and about 1600 employees.
Researchers IBISWorld said it had lost market power over the past five years, but was the second-biggest player in the AUD850 million toy and game retailing industry.
Questions & Answers
Q.What is the total amount of losses Toys “R” Us Australia has accumulated?
What is the total amount of losses Toys “R” Us Australia has accumulated?
Since its arrival in Australia, Toys “R” Us has accumulated losses totalling almost AUD450 million. This figure converts to approximately USD343.9 million according to the article's conversion rate.
Q.How long has Toys “R” Us been operating in Australia?
How long has Toys “R” Us been operating in Australia?
The US-based toy and baby products retailer has been operating in Australia for over two decades. It initially described itself as the "world's first toy supermarket."
Q.How many employees does Toys “R” Us have in Australia?
How many employees does Toys “R” Us have in Australia?
Toys “R” Us Australia employs approximately 1600 staff across its operations. These operations include more than 30 stores, 11 Babies “R” Us Superstores, and online services.
Q.What is Toys “R” Us Australia's position in the toy and game retailing market?
What is Toys “R” Us Australia's position in the toy and game retailing market?
Despite losing market power over the last five years, Toys “R” Us is the second-biggest player in the AUD850 million Australian toy and game retailing industry. This information comes from researchers IBISWorld.
Reader pulse
What does Toys "R" Us Australia's loss record indicate?
19,362 votes so far