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From Times Staff and Wire Reports

Toys ‘R’ Us Profit Slides: The nation’s largest specialty toy retailer said its earnings in the second quarter ended Aug. 3 fell to $23.4 million, from $26.5 million for the same period in 1990. Revenue increased 9.5% to $1.06 billion, compared to sales of $964 million a year earlier. However, same store sales--those open at least a year--decreased 2.6%. Sales from older stores are considered the most accurate barometer of a retailer’s business. Chairman Charles Lazarus said sales improved over the course of the quarter.

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