Subject:
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Re: Bad news for TRU
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Newsgroups:
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lugnet.market.shopping
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Date:
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Wed, 30 Jan 2002 15:01:26 GMT
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Viewed:
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886 times
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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
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Message is in Reply To:
 | | Bad news for TRU
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| 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 (23 years ago, 28-Jan-02, to lugnet.market.shopping)
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