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Toys ‘R’ Us profit and sales down in Q4 and full year; withdraws IPO plan
Wayne, N.J. -- Toys “R” Us on Friday reported that its sales and profits declined in the fourth quarter and the full year. The company also revealed in a regulatory filing with the U.S. Securities and Exchange Commission that it is withdrawing its plan to go public, blaming “unfavorable market conditions” and its “executive leadership transition” for the decision.
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Transwestern names property management exec
Atlanta -- Transwestern’s Atlanta office announced Thursday that Russell Lipscomb has been promoted to SVP of property management services.
In his new role, Lipscomb will expand his oversight into business development initiatives and engage in new pursuits to further expand Transwestern’s footprint throughout the Southeast. He will continue to direct a team of 43 property management professionals and provide oversight for all Atlanta-based property management assignments.