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August 18, 2004

All Business: Toys ‘R' Us has a hot product: its real estate

  • After losing the battle with Wal-Mart, selling stores may be the one-time category killer's best move.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Toys "R" Us might finally have something that Wal-Mart Stores can't undercut in price: Its real estate holdings.

    Now that the struggling toy chain has said that it may be ready to sell its core toy business after fighting a losing battle against the massive merchandise discounting employed by Wal-Mart, its most lucrative move may be to sell off many of its store sites.


     
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