Toys "R" Us Posts Narrower Q1 Loss

Toys "R" Us Inc posted a narrower fiscal first-quarter loss. Toys "R" Us posted a quarterly loss of $60 million, versus a year-ago loss of $67 million. Its sales dropped 0.9% to $2.61 billion. Its same-store sales fell 0.8% domestically and declined 5% internationally. Gross margin rose to 38.2% from 37.1%.