Pulse2 Technology and Social Media News » Toys ‘R’ Us http://pulse2.com Sun, 27 May 2012 19:13:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Amazon’s Kindle Comes to Toys R Us http://pulse2.com/2011/07/28/amazons-kindle-comes-to-toys-r-us/ http://pulse2.com/2011/07/28/amazons-kindle-comes-to-toys-r-us/#comments Thu, 28 Jul 2011 18:03:46 +0000 Riley Kennysmith http://pulse2.com/?p=49067 Continue reading →]]>

In just a few days Toys R Us shoppers will be greeted by an opportunity to buy Amazon Kindle eReaders along with their children’s toy purchases. The devices go on sale in the chain’s US stores on July 31st. The Kindle is also already sold in retail stores like Target and Best Buy. [Mashable]

]]> http://pulse2.com/2011/07/28/amazons-kindle-comes-to-toys-r-us/feed/ 0 Amazon.com Settles Lawsuit With Toys “R” Us For $51 Million http://pulse2.com/2009/06/12/amazoncom-settles-lawsuit-with-toys-r-us-for-51-million/ http://pulse2.com/2009/06/12/amazoncom-settles-lawsuit-with-toys-r-us-for-51-million/#comments Sat, 13 Jun 2009 00:00:23 +0000 Amit Chowdhry http://pulse2.com/?p=16501 Continue reading →]]> amazon-logotoysrus-logo

In 2000, Amazon.com signed a deal with Toys “R” Us to handle the online aspect of their business.  Toys “R” Us handled the inventory and procurement.  Amazon.com would make sure that Toys “R” Us’ website would run as seamlessly as Amazon.com. Every time a purchase would be handled on the website, it would connect to Toys “R” Us’ inventory system.

Toys “R” Us filed a lawsuit against Amazon.com in 2004 for breach of contract.  This is because Amazon.com did not make Toys “R” Us the exclusive provider of toys on their website as agreed.  In 2006, a judge ruled in favor of Toys “R” Us.  Amazon.com finally settled with Toys “R” Us yesterday by paying them $51 million.

“On June 11, 2009, Amazon.com entered into a settlement agreement in its lawsuit with Toys “R” Us, Inc., and its affiliates, with terms that include, among other things, (i) a one-time payment from Amazon.com of $51 million in the third quarter 2009, substantially all of which was unanticipated and will be charged to ‘Other operating expense’ in the second quarter, (ii) dismissal of all claims and counterclaims, and (iii) mutual releases,” stated an Amazon.com filing with the SEC.

Some of the other retailers that is powered by Amazon.com includes Target Corporation, Egghead.com, Pitara.com, etc.

[via TechCrunch]

]]> http://pulse2.com/2009/06/12/amazoncom-settles-lawsuit-with-toys-r-us-for-51-million/feed/ 2 Toys ‘R’ Us Acquires eToys.com And Subsidiaries http://pulse2.com/2009/02/13/toys-r-us-acquires-etoyscom-and-subsidiaries/ http://pulse2.com/2009/02/13/toys-r-us-acquires-etoyscom-and-subsidiaries/#comments Fri, 13 Feb 2009 17:48:56 +0000 Amit Chowdhry http://pulse2.com/?p=10546 Continue reading →]]> Toys ‘R’ Us Inc. has announced that they will be acquiring eToys.com from The Parent Co.  The Parent Co. filed for bankruptcy this past December.  The financial terms were not disclosed.  Other websites included in the deal are BabyUniverse.com and ePregnancy.com.  All of these sites will be operating in the same web portfolio as Toysrus.com and Babiesrus.com.  The acquired websites will remain in operation under the same.

Chris Byrne, the content director at timetoplaymag.com stated that this acquisition may help boost the online presence for Toys ‘R’ Us.  “Toys ‘R’ Us has been investing heavily in making their online experience really strong,” added Byrne. “The ‘eToys’ brand name has had some cache and I’m sure they got a great deal.”  The Parent Co. has been looking for alternatives for their owned businesses since they filed for bankruptcy.

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