The search is on for a new chief executive of Toys “R” Us with the announcement that Gerald L. Storch is stepping down as CEO of the company.

Toys “R” Us posted a wider loss for its fiscal third quarter due primarily to an increase in interest expenses.

Toys “R” Us announced that it is extending its free layaway program through Dec. 16, due to significant positive response by consumers.

Toys “R” Us on Tuesday said it will offer a price-match guarantee on all items in its namesake and Babies “R” Us stores this holiday season.

Toys “R” Us said that it will waive upfront service fees for its holiday layaway program, kicking off immediately and running through Oct. 31.

Toys “R” Us said that by the end of 2012 it will have opened eight new stores and remodeled 13 existing locations to the side-by-side Toys “R” Us/Babies “R” Us model.

Toys “R” Us has named Richard Barry as senior VP, chief merchandising officer, Toys“R”Us, U.S. In his new role, Barry is responsible for all aspects of merchandising initiatives for the company’s U.S. operations.

Toys"R"Us announced that its stores nationwide will remain open for 112 uninterrupted hours beginning at 6am on Tuesday, Dec. 20 and continuing through 10 p.m. on Christmas Eve.

Toys “R” Us has named the leadership team for its retail business operations in Southeast Asia and Greater China, following the recent announcement of its new joint venture agreement with Li & Fung Retailing.

A report released Friday by the Journal of Commerce/PIERS showed that U.S. toy imports dropped 9% year-over-year in September, as the country's retailers apparently chose caution heading into the 2011 holiday season.

Toys “R” Us said it will make its debut in Poland at the end of November, opening a store in Warsaw.

As part of a re-imagination of its Imaginarium brand, Toys “R” Us said Tuesday it will redesign its in-store Imaginarium shops nationwide with enhanced offerings and products in both bricks-and-mortar stores and online.