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Report: Toys ‘R’ Us considers $800 million IPO for April
Wayne, N.J. -- A New York Post report on Saturday said that Toys “R” Us is considering an initial public offering in April to raise around $800 million, although a final decision has not been reached.
The retailer shelved IPO plans in 2010; it has not commented on the latest report that IPO talks have resurfaced.
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GNC profit leaps 56% in Q4
Pittsburgh -- General Nutrition Centers reported Friday that net income for the quarter ended Dec. 31 surged 56.3% to $19.8 million, compared with $12.7 million in the year-ago period.
Revenue for the quarter rose 7.9% to $435.7 million, from $403.9 million a year earlier. Same-store sales improved 5.8% in domestic company-owned stores (including e-commerce sales).