Head of U.S. Division of Toys R Us Resigns
- Share via
Toys R Us Inc. said U.S. division President Gregory Staley resigned from the second-largest U.S. toy retailer for personal reasons.
Staley, 55, joined the company in 1989, Toys R Us said. He helped redesign the Paramus, N.J.-based toy chain’s stores and was president of the international division from 1995 to 2000.
The U.S. toy store division will report directly to Chief Executive John Eyler until Staley’s successor is named, the retailer said. A search is underway.
Toys R Us cut its profit forecast this month for the year ending Feb. 1 after price cuts and an ad campaign featuring mascot Geoffrey the Giraffe failed to improve holiday sales.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
