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Subject: 
Re: Bad news for TRU
Newsgroups: 
lugnet.market.shopping
Date: 
Wed, 30 Jan 2002 15:01:26 GMT
Viewed: 
630 times
  
In lugnet.market.shopping, Lindsay Frederick Braun writes:

  Hi, everyone:

  TRU is apparently $91m in the red this year, and is planning to
  close 64 stores and eliminate almost 2,000 jobs.

  http://money.cnn.com/2002/01/28/companies/toys/

  Ugh.  Well, maybe if they'd hold better clearances...;)

  best

  LFB

I spoke with a local TRU management-type yesterday. He offered some insight
about the "64 stores" number. Supposidly, 37 are KidsRUs, 10 are relo's (stores
being closed in one location, to be reopened across town in a better traffic
spot), and 17 are actual TRU stores being closed. So the indication is that this
is not as bad as it first sounded. Most of the job eliminations are in the
closing of 5 regional offices, all of them is being consolidated to NJ.

Ray



Message is in Reply To:
  Bad news for TRU
 
Hi, everyone: TRU is apparently $91m in the red this year, and is planning to close 64 stores and eliminate almost 2,000 jobs. (URL) Ugh. Well, maybe if they'd hold better clearances...;) best LFB (22 years ago, 28-Jan-02, to lugnet.market.shopping)

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