Toys R Us drops plans to go public

03/31/2013 | Wall Street Journal, The

The private equity firms that own Toys R Us have abandoned plans for an initial public offering amid unfavorable market conditions, slowing sales, lower profits and fast-growing competition from online retailers. In February, the retailer announced that Gerald Storch would step down as CEO and remain with the company as chairman of the board.

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Wall Street Journal, The

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