Toys R Us Loss Narrows in Quarter

Toys R Us Inc.’s third-quarter loss narrowed to $25 million after the No. 2 U.S. toy seller shut its Kids R Us chain. Sales fell less than analysts expected as the retailer lowered prices to match Wal-Mart Stores Inc.

The net loss narrowed to 12 cents a share from $46 million, or 22 cents, a year earlier, the Wayne, N.J.-based company said. Sales dropped 1.4% to $2.21 billion. Sales at U.S. toy stores open at least a year declined 1.7%.

Shares of Toys R Us rose 42 cents to $19.78 on the NYSE.