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Electronic Arts Inc. (ERTS) Message Board

  • shneiky shneiky Sep 29, 1998 11:27 AM Flag

    EA doing well with recent releases...

    Hey all,

    Check out Babbage's website for a
    list of their current top 5 selling console
    games:

    http://www.gamelord.com

    You'll notice that
    4 of the 5 are EA's (though granted Parasite Eve is
    by Square, and being distributed state-side by EA).
    :)

    Harry

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Toys R Us To Close 90 Stores
      Reuters Online

      Wednesday, September 16, 1998 10:09AM

      NEW
      YORK (Reuters) via NewsEdge Corporation - Toys R Us,
      the world's largest toy
      retailer, said Wednesday
      it will close 90 stores and take a $495 million
      charge in the
      third quarter as part of a plan to cut
      costs and improve performance.

      The number of
      jobs affected was not immediately available.


      Of the stores being closed or sold, 50 will be from
      the international operations and
      nine will be in
      the United States. The company is also closing 31
      Kids R Us apparel
      stores in the United States as it
      reformats some of its combination toy and
      apparel
      stores.

      Toys R Us expects the restructuring to
      improve its free cash flow and increase
      operating
      earnings by more than $75 million in 1999 and more in
      future years, the
      retailer said.

      Toys R Us is
      planning a redesign of its stores as part of its plan to
      improve
      performance by offering expanded selling space to accommodate
      a larger electronics
      department, a section
      dedicated to promotional merchandise and kids apparel.


      The plan is for 200 of its 697 U.S. toy stores to be
      converted to the format during
      1999. Most of the rest
      will changed to the format by October 2000, the
      company said.

 
EA
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