Toys 'R' Us Hits $1B in Web Sales

Toys 'R' Us has hit $1 billion in annual Web sales for the fiscal year ending January 28, 2012. E-commerce increased 27.9% from $782 million last year, accounting for 7.2% of total sales. Net sales, however, decreased 9.6% from $167 million to $151 million. "During the year we further invested in and strengthened our omni-channel and Internet capabilities, providing increased speed and multiple ways by which customers can now order and receive products," said Jerry Storch, CEO for Toys 'R' Us in a statement. "We are also pleased with the performance of our international segment, where we are implementing