Content about Storch

May 13, 2013

Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

New York -- Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

Urcelay replaces Gerald Storch, who announced in February that he would be stepping. At the time, Storch said he would remain as CEO during the transition. While his role as chief executive ended Sunday, he continues to serve as chairman of the board.

February 13, 2013

Toys “R” Us CEO stepping down

The search is on for a new chief executive of Toys “R” Us with the announcement that Gerald L. Storch is stepping down as CEO of the company.

Wayne, N.J. -- The search is on for a new chief executive of Toys “R” Us with the announcement that Gerald L. Storch is stepping down as CEO of the company. The news comes just weeks after the world's largest dedicated toy retailer reported that its same-store U.S. sales fell 4.5% during the holiday season, and that its total sales fell 4.7%.

December 9, 2011

Toys “R” Us records Q3 loss

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.

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.

September 14, 2011

Toys ‘R’ Us’ holiday plans: fewer pop-ups, more exclusives

Toys “R” Us is cutting back on the number of temporary holiday stores it opens this year compared with last, but it is significantly expanding the number of exclusive products it offers, chairman and CEO Jerry Storch said at a press conference Wednesday.

New York City -- Toys “R” Us is cutting back on the number of temporary holiday stores it opens this year compared with last, but it is significantly expanding the number of exclusive products it offers, chairman and CEO Jerry Storch said at a press conference Wednesday. The retail chief’s bet on the hottest toy of the season: Animal Planet’s Air Swimmers line (helium-filled, radio-controlled flying fish), which will be available only at Toys “R” stores and via its website.

April 20, 2011

Toys ‘R’ Us to open e-commerce DC near Reno

Toys “R” Us announced Wednesday that it will open a new e-commerce distribution center near Reno, Nev., to support its expanding online business.

Wayne, N.J. -- Toys “R” Us announced Wednesday that it will open a new e-commerce distribution center near Reno, Nev., to support its expanding online business.

The dedicated e-commerce fulfillment center, located in McCarran, is slated to open in July.

Once operational, the retailer said the 300,000-sq.-ft. facility will enable it to increase its fulfillment capacity and expedite deliveries to online customers in the western United States.

September 14, 2010

Toys ‘R’ Us to open FAO Schwarz pop-up stores

Toys “R” Us said Wednesday that it will open 10 FAO Schwarz pop-up stores for...

January 6, 2010

Toys ‘R’ Us December same-store sales up 4.6%

Toys “R” Us announced that same-stores sales increased 4.6% in December in its domestic...

January 7, 2009

Toys 'R' Us Same-Stores Sales Up in Dec.

Toys “R” Us Inc. said Thursday that same-store sales rose in December, but fell over...

October 4, 2005

Target Vice Chairman Resigns

Minneapolis, In a...

October 4, 2005

Target Vice Chairman Resigns

Minneapolis, In a...