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Toys 'R' Us said second-quarter earnings jumped 72 per cent, as its effort to simplify stores and focus on best-selling toys paid off. The world's largest toy retailer said net income rose to $27.1m, equal to 10 cents a share and beating the average estimate by analysts of 8 cents. The company plans to open about 30 toy stores and about eight Kids 'R' Us stores in the US this year. Internationally, it will add about 60 stores, including 25 franchise stores. The company now operates 651 toy stores in the US, 359 international toy stores, 211 Kids 'R' Us children's clothing stores and three Babies 'R' Us stores.

Bloomberg