______________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
_______________
Date of Report (Date of earliest event reported):
July 15, 1996
TOYS "R" US, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 1-11609 22-3260693
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
461 From Road, Paramus, New Jersey 07652
(Address of Principal Executive Offices)
Registrant's telephone number: (201) 262-7800
______________________________________________________________________________
<PAGE>
Item 5. Other Events.
This report relates to an arbitration award against the
Registrant, which award was disclosed in the Press Release, dated July 15,
1996, filed as an exhibit hereto and incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits.
20. Press Release, dated July 15, 1996.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: July 15, 1996
TOYS "R" US, INC.
By: /s/ Louis Lipschitz
Louis Lipschitz
Executive Vice President
and Chief Financial Officer
<PAGE>
INDEX TO EXHIBITS
Exhibit Electronic (E)
No. Description or Paper (P)
____________________________________________________________________
20 Press Release, dated
July 15, 1996 . . . . . . . . . . . . . . . . . . E
____________________________________________________________________
CONTACT: Michael S. Feldberg, Esq. Michael L. Tumolo
Schulte Roth & Zabel Vice President-Counsel
900 Third Avenue Toys "R" Us, Inc.
New York, NY 10022 461 From Road
(212) 756-2250 Paramus, NJ 07652
(201) 986-8555
FOR: Toys "R" Us, Inc. FOR IMMEDIATE RELEASE
(NYSE: TOY)
PARAMUS, NEW JERSEY, JULY 15, 1996 -- Toys "R" Us, Inc. announced today that an
award in the amount of $46 million, plus interest from December 31, 1994, was
issued against it and in favor of Yusuf Ahmed Alghanim & Sons, W.L.L. in a
matter pending before the American Arbitration Association. The award, which
was issued at 4:30 P.M. on Friday, July 12, 1996, was rendered by a single
arbitrator in connection with a dispute between Toys "R" Us and Alghanim
involving rights under a 1982 license agreement for toy store operations in
the Middle East.
"We are shocked and disappointed by the decision in this matter,"
said Michael L. Tumolo, Vice President-Counsel of the Company. "The findings
of the arbitrator are not supported by the evidence presented in the case and
governing principles of law. Although this is a one time unusual incident
that will not impact the operations of the Company we plan to vigorously
challenge the award in the courts."
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