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________________________________________________________________
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):
JANUARY 11, 1994
TOYS "R" US, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-1117 13-5159250
(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
_________________________________________________________________
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Item 5. Other Events.
This report relates to certain announcements made by
the Registrant in the Press Release, dated January 11, 1994,
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 January 11, 1994.
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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 on its behalf by the undersigned thereunto
duly authorized.
Dated: January 12, 1994
TOYS "R" US, INC.
By: /s/ Louis Lipschitz
Senior Vice President-
Finance and Chief
Financial Officer
INDEX TO EXHIBITS
Exhibit Electronic (E)
No. Description or Paper (P)
____________________________________________________________
20 Press Release, dated
January 11, 1994 . . . . . . . . . . . . . E
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FROM: Lawrence A. Rand Michael Goldstein
Kekst and Company Toys "R" Us, Inc.
437 Madison Avenue 46l From Road
New York, N. Y. l0022 Paramus, N. J. 07652
(2l2) 593-2655 (20l) 599-698l
FOR: Toys "R" Us, Inc. FOR IMMEDIATE RELEASE
(NYSE:TOY)
Toys "R" US ANNOUNCES EXPANSION PLANS FOR 1994
--Company Also Creates Franchise Division To
Further Accelerate Growth--
BOARD AUTHORIZES $1 BILLION STOCK REPURCHASE PROGRAM
PARAMUS, NJ, January ll, l994 -- Toys "R" Us, Inc. today
announced the largest expansion program in the company's
history. During l994, Toys "R" Us expects to open ll5 new
company-owned toy stores and in addition it will franchise
other stores in select international markets.
Charles Lazarus, Chairman said, "We see a tremendous
opportunity for Toys "R" Us to build world market share over
the next few years and we intend to aggressively build our
worldwide toy retailing business, capitalizing on
opportunities to strengthen our presence in current markets
and to enter new markets."
Mr. Lazarus said that Toys "R" Us recently created a
franchising division to enable the company to accelerate the
expansion of the Toys "R" Us concept throughout the world.
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In that regard, the company announced that it had entered
into a franchise agreement with Al Futtaim Sons Co., an
experienced entrepreneurial family, in the United Arab
Emirates, under which Al Futtaim Sons will operate Toys "R"
Us stores in the United Arab Emirates, Qatar, Bahrain, Oman,
and Kuwait.
Another franchise agreement has been signed with a major
Saudi Arabian group for the development of toy stores in
Saudi Arabia.
"Through these franchise agreements, we will be using the
resources of highly respected and successful local business
people throughout parts of the world that would not normally
be developed by Toys "R" Us itself for many years," Mr.
Lazarus said. "All of the franchise stores will be operated
in accordance with Toys "R" Us standards."
Mr. Lazarus said that under the terms of the first two
agreements, Toys "R" Us will receive significant royalty and
other related service fees over the initial l2 year franchise
period. These fees are anticipated to provide meaningful
cash flow and earnings for our international division.
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"We believe that the franchising concept will enable us to
bring additional countries into the Toys "R" Us family on an
accelerated basis," Mr. Lazarus concluded.
These franchise stores are in addition to 45 new toy stores
that will be opened in the United States and 70 new Toys "R"
Us stores that will be opened in other countries during l994.
Toys "R" Us also announced that its Board of Directors has
authorized the investment of up to $l billion to buy back
shares of the Company's outstanding common stock over the
next several years.
Mr. Lazarus said, "Despite the aggressive expansion plans in
l994, Toys "R" Us is generating substantial excess cash flow.
We believe that in addition to investing in our on-going
business, the repurchase of Toys "R" Us common stock, from
time to time in the open market or in negotiated
transactions, will increase shareholder value."
Toys "R" Us is the world's largest and fastest growing
children's specialty retailing chain currently operating 58l
toy stores in the United States, 234 international toy stores
and 2l7 Kids "R" Us children's clothing stores.
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